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Canadian Financial Close: Dollar stronger on Tuesday

By MarketsFarm

WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was slightly stronger at Tuesday’s close, spurred by gains in global stock indices.

The dollar finished the day at US$0.7721 or US$1=C$1.2952, compared to Monday when it closed at US$0.7713 or US$1=C$1.2965.

Major stocks hit record highs, led by gains in technology and communications industries. The Nasdaq and S&P 500 both gained over one per cent on the day.

The TSX closed up by 106.68 points at 17,296.93.

Benchmark crude oil indices closed lower on the day. West Texas Intermediate (WTI) was down by 81 cents to close at US$44.53. Brent Crude lost 50 cents at US$47.38.

Canada’s agricultural sector fared as follows:

Buhler Int.                  unchanged      at $ 2.50
Linamar Corp.                    up $ 3.13     at $ 62.95
Maple Leaf Foods                 up $ 0.02     at $ 26.49
Nutrien Ltd.                     dn  $ 0.09     at $ 64.01
Ritchie Bros Auctioneers Inc.    dn  $ 3.46     at $ 89.95
Rocky Mountain Dealerships Inc.  up $ 0.01     at $  7.16

(All figures are in Canadian dollars.)

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