Glacier FarmMedia | MarketsFarm – The Canadian dollar closed lower on Tuesday as the conflict between Israel and Iran continues to escalate.
The loonie finished the day at US$0.7351 or US$1=C$1.3603, compared to US$0.7376 or US$1=C$1.3558 on Monday.
The United States Dollar Index jumped 0.81 of a point at 98.81. U.S. President Donald Trump urged for Iran’s “unconditional surrender” on social media earlier today, causing markets to become less optimistic regarding an imminent solution to the conflict.
Crude oil prices surged on Tuesday. West Texas Intermediate rose US$3.34 at US$75.11/barrel, while Brent crude oil jumped US$3.43 at US$76.66.
The TSX/S&P Composite Index dropped 27.22 points at 26,541.39.
Gold shed US$14.20 per ounce at $3,403.10.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 7.29
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. dn $ 0.43 at $ 62.94
Maple Leaf Foods dn $ 0.07 at $ 27.88
Nutrien Ltd. dn $ 0.74 at $ 84.55
RB Global Inc. dn $ 1.73 at $143.18
(All figures are in Canadian dollars.)
