By Commodity News Service Canada
WINNIPEG, Aug 20 (CNS) – The Canadian dollar closed higher
Monday, supported by a rise in the price of oil and gold.
The Canadian dollar settled Monday at US$0.7654 or
C$1.3065, compared to Friday’s North American close of US$0.7645
or C$1.3081.
Oil prices rose Monday after weeks of declines, as worries
mounted an expected drop in supply from Iran due to United
States sanctions. Brent crude futures rose 38 cents, or 0.5
percent, to US$72.21 per barrel. U.S West Texas Intermediate
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Gold prices recovered slightly Monday, after hitting a more
than one and a half year low last week, as China’s strengthening
currency made the metal cheaper for buyers. Spot gold added 0.03
per cent to US$1,188.10 per ounce. U.S. gold futures for
December delivery gained 0.9 per cent to US$1,194.60.
In Toronto, the S&P/TSX Composite closed higher Monday,
rising 7.32 points, or 0.04 per cent, to settle at 16,331.03.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.08 at $ 18.15
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 0.06 at $ 55.01
Maple Leaf Foods—————–up $ 0.01 at $ 31.30
Nutrien Ltd.———————dn $ 0.70 at $ 72.41
Ritchie Bros Auctioneers Inc.—-up $ 0.35 at $ 49.91
Rocky Mountain Dealerships Inc.–up $ 0.21 at $ 10.53
(All figures are in Canadian dollars.)
