By Commodity News Service Canada
WINNIPEG, Aug 21 (CNS) – The Canadian dollar closed higher
Tuesday, as the price of gold and oil continued to rise.
The Canadian dollar settled Tuesday at US$0.7671 or
C$1.3036, compared to Monday’s North American close of US$0.7654
or C$1.3065.
Oil prices hit their highest level in a week Tuesday, ahead
of a forecast drawdown in the United States crude inventories.
Brent crude futures rose 42 cents to US$72.63 per barrel. U.S
West Texas Intermediate crude added 42 cents to US$65.84 per
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Gold prices hit a one-week high Tuesday, as the American
dollar weakened after U.S. President Donald Trump criticized the
Federal Reserve for raising interest rates. Spot gold added 0.3
per cent to US$1,194.12 per ounce. U.S. gold futures for
December delivery gained 0.5 per cent to US$ 1,200.00.
In Toronto, the S&P/TSX Composite closed down Tuesday,
rising 34.06 points, or 0.21 per cent, to settle at 16,296.97.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.09 at $ 18.24
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 0.66 at $ 54.35
Maple Leaf Foods—————–up $ 0.04 at $ 31.34
Nutrien Ltd.———————dn $ 0.74 at $ 71.67
Ritchie Bros Auctioneers Inc.—-up $ 0.30 at $ 50.21
Rocky Mountain Dealerships Inc.–dn $ 0.23 at $ 10.30
(All figures are in Canadian dollars.)
