By Commodity News Service Canada
WINNIPEG, Sep. 18 (CNS) – The Canadian dollar closed
slightly higher Tuesday, supported by gains in the price of oil
and the stock market.
The Canadian dollar settled Tuesday at US$0.7697 or
C$1.2992, compared to Monday’s North American close of US$0.7681
or C$1.3019.
Oil prices rose Tuesday over news that the Organization of
the Petroleum Exporting Countries will not be prepared to
increase output to address declining Iran supplies. Brent crude
gained 98 cents to US$79.03 per barrel. U.S. West Texas
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Gold prices fell Tuesday as the American dollar
strengthened after China announced that it would retaliate
against new United States tariffs. Spot gold lost 0.23 per cent
to US$1,197.75 per ounce, while U.S. gold futures for December
delivery rose 0.3 per cent to US$1,202.50 per ounce.
In Toronto, the S&P/TSX Composite closed higher Tuesday,
rising 113.73 points, or 0.71 per cent, to settle at 16,196.04.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.08 at $ 18.16
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–up $ 0.53 at $ 60.29
Maple Leaf Foods—————–up $ 0.21 at $ 31.67
Nutrien Ltd.———————up $ 0.39 at $ 75.77
Ritchie Bros Auctioneers Inc.—-dn $ 0.29 at $ 48.68
Rocky Mountain Dealerships Inc.–dn $ 0.13 at $ 10.41
(All figures are in Canadian dollars.)
