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Canadian Financial Close: Dollar up on oil

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Published: June 28, 2018

By Commodity News Service Canada

WINNIPEG, June 28 (CNS) – The Canadian dollar was stronger
Thursday, supported by gains in the price of oil.

The Canadian dollar settled Thursday at US$0.7537 or
C$.3267, compared to Wednesday’s North American close of
US$0.7515 or C$1.3307.

Oil prices rose Thursday, supported by supply concerns over
United States sanctions, which could cause a large drop in crude
exports from Iran. Brent crude gained 23 cents to US$77.85 per
barrel.

In Toronto, the S&P/TSX Composite closed lower Thursday,
dragged down by losses in healthcare stocks. The TSX/S&P lost
51.36 points, or 0.32 per cent, to 16,179.89.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.16 at $ 15.20
Buhler Industries————unchanged at $ 3.65
Maple Leaf Foods————-up $ 1.08 at $ 33.24
Nutrien Ltd.—————–dn $ 0.90 at $ 70.80

(All figures are in Canadian dollars.)

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