By Commodity News Service Canada
WINNIPEG, Jan. 9 – The Canadian dollar closed lower Tuesday
as drops in the price of gold and the stock market weighed on
it.
The Canadian dollar settled Tuesday at US$0.8030 or
C$1.2454, compared to Monday’s North American close of US$0.8050
or C$1.2422.
Gold dropped at close Tuesday by 0.45 per cent to
US$1,314.5.
Oil prices were higher Tuesday, as United States crude hit
its highest point since December 2014, supported by Organization
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expectations that U.S. crude inventories had dropped for an
eighth week. U.S. West Texas Intermediate crude rose 95 cents to
US$62.68 per barrel, while Brent crude was up 79 cents to
US$68.74.
In Toronto, the TSX/S&P Composite Index was little changed
Tuesday as shares of energy and marijuana producers rose,
balancing a dip in the materials group which was pressured by a
drop in the price of gold. The TSX/S&P rose 1.59, or 0.01 per
cent, to 16,319.24.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.91 at $ 20.97
Buhler Industries————up $ 0.05 at $ 4.60
Maple Leaf Foods————-dn $ 0.11 at $ 34.89
Nutrien Ltd.—————–dn $ 1.15 at $ 65.70
(All figures are in Canadian dollars.)
