WINNIPEG, Nov. 24 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, as gains in crude oil provided support.
The Canadian dollar closed at US$0.7673 or US$1=C$1.3033, which compares with Monday’s North American close of US$0.7644 or US$1=C$1.3082.
Supportive chart signals contributed to the day’s strength in the loonie, as the currency neared major technical resistance.
West Texas Intermediate crude oil was up by 3.9 per cent, at US$44.72 per barrel.
The TSX Composite Index was up on the day, gaining 179.72 points, or 1.05 per cent, to close at 17,274.25 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.18 at $ 2.48
Linamar Corp.——————–up $ 1.23 at $ 61.16
Maple Leaf Foods—————– $ 0.00 at $ 25.99
Nutrien Ltd.———————up $ 1.59 at $ 62.50
Ritchie Bros Auctioneers Inc.—-up $ 0.87 at $ 86.16
Rocky Mountain Dealerships Inc.– $ 0.00 at $ 7.03
(All figures are in Canadian dollars.)