By MarketsFarm
WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar hit a two-week high on Tuesday as some provinces are moving towards reopening their economies amid the COVID-19 pandemic.
The dollar finished the day at US$0.7154 or US$1=C$1.3978, compared to Monday when it closed at US$0.7116 or US$1=C$1.4053.
Benchmark crude oil prices were mixed on Tuesday, as the easing COVID-19 restrictions balanced off with burgeoning global stockpiles.
Brent crude oil gained 58 cents to close at US$20.57 per barrel. West Texas Intermediate (WTI) crude oil slipped 10 cents at US$12.68 per barrel. Western Canadian Select (WCS) lost US$1.47 at US$5.04 per barrel.
The TSX Composite Index gained 156.18 points to close at 14,798.29
Gold was down US$4.85 at 1,709.15 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.65
Linamar Corp. dn $ 0.22 at $ 30.28
Maple Leaf Foods dn $ 0.03 at $ 26.32
Nutrien Ltd. up $ 0.32 at $ 49.86
Ritchie Bros Auctioneers Inc. dn $ 0.71 at $ 59.94
Rocky Mountain Dealerships Inc. dn $ 0.15 at $ 4.10
(All figures are in Canadian dollars.)
