By Commodity News Service Canada
WINNIPEG, Jan. 4 (CNS Canada) – The Canadian dollar was up at market close Friday, amid increases on the major North American stock markets and the price of oil.
The dollar finished the day at US$0.7457 or US$1=C$1.3410, which compares with Thursday’s close of US$0.7407 or C$1.3501.
The S&P/TSX Composite Index closed Friday at 14,426.62 up by 213.87 points, a gain of 1.5 per cent.
The Dow Jones also closed Friday on the upside by 3.27 per cent, the S&P 500 rose 3.43 per cent and the NASDAQ jumped by 4.26 per cent.
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The increases were aided by comments from United States Federal Reserve Chairperson Jerome Powell, who stated the Reserve’s policy will be flexible in 2019 and its officials are listing carefully to the financial markets. Also helping the increases are the coming U.S./China trade talks set to resume Jan. 7 in Beijing.
Gold was down Friday by US$8.70 to US$1,286.10 per ounce.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients———dn $ 0.11 at $ 17.28
Buhler Industries—————-unchanged at $ 3.65
Linamar Corp.——————–up $ 1.68 at $ 43.86
Maple Leaf Foods—————–up $ 0.20 at $ 27.36
Nutrien Ltd.———————up $ 2.38 at $ 63.13
Ritchie Bros Auctioneers Inc.—-up $ 0.58 at $ 45.79
Rocky Mountain Dealerships Inc.–dn $ 0.03 at $ 9.00
(All figures are in Canadian dollars.)
