By MarketsFarm
WINNIPEG, Feb. 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, but off its highs relative to its United States counterpart for the day.
The Canadian dollar closed at US$0.7884 or US$1=C$1.2684, which compares with Friday’s North American close US$0.7867 or US$1=C$1.2711.
Gains in crude oil provided underlying support for the energy-linked currency, with freezing temperatures across much of the U.S. triggering the rise in oil.
West Texas Intermediate crude oil was up by 1.01 per cent, at US$60.07 per barrel.
The TSX Composite Index was stronger on the day, gaining 32.29 points, or 0.17 per cent, to close at 18,492.50 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.04 at $ 2.75
Linamar Corp.——————–dn $ 2.27 at $ 69.67
Maple Leaf Foods—————–up $ 0.03 at $ 24.36
Nutrien Ltd.———————up $ 0.70 at $ 71.80
Ritchie Bros Auctioneers Inc.—-dn $ 0.86 at $ 72.87
(All figures are in Canadian dollars.)
