By MarketsFarm
WINNIPEG, Nov. 10 (MarketsFarm) – The Canadian dollar was lower on Tuesday stepping back from two-year highs reached yesterday.
The loonie finished at US$0.7682 or US$=C$1.3017 compared to Monday’s close of US$0.7710 or US$1=C$1.2970.
The United States Dollar Index saw a slight gain for the greenback of 0.075 to sit at 92.790 points.
Benchmark crude oil prices were higher on Tuesday, continuing upward on hopes of a vaccine to halt the spread of COVID-19 and thus avoid sharp declines in the demand for oil. However, rising numbers of coronavirus cases in the United States and Europe tempered oil’s increases.
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Brent crude oil gained US$1.23 at US$43.63 per barrel. West Texas Intermediate (WTI) crude oil was up US$1.08 at US$41.37 per barrel. Western Canadian Select (WCS) crude rose US$1.40 at US$31.56 per barrel.
The TSX Composite Index was up 139.51 points to finish at 16,615.37.
Gold was higher by US$11.10 at US$1,874.14 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.25
Linamar Corp. up $ 0.96 at $ 48.43
Maple Leaf Foods dn $ 0.48 at $ 24.73
Nutrien Ltd. up $ 1.77 at $ 55.03
Ritchie Bros Auctioneers Inc. dn $ 3.10 at $ 87.73
Rocky Mountain Dealerships Inc. up $ 0.02 at $ 6.98
(All figures are in Canadian dollars.)
