By Commodity News Service Canada
WINNIPEG, Jan. 9 (CNS) – The Canadian dollar was stronger at market close, supported by a rise in the price of oil, gold and the stock market.
The Canadian dollar settled Wednesday at US$0.7564 or C$1.3221, compared to Tuesday’s North American close of US$0.7523 or C$1.3293.
Oil prices rose Wednesday, supported by trade optimism between China and the U.S. and production cuts from OPEC. U.S. West Texas Intermediate added US$2.38 to US$52.16 per barrel. Brent crude futures gained US$2.48 to US$61.20 per barrel.
Gold prices rose Wednesday. Spot gold gained 0.49 per cent to US$1,291.20 per ounce.
In Toronto, the S&P/TSX Composite closed higher Wednesday. The S&P/TSX gained 199.58 points, 1.37 per cent, to 14,804.73.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———unchanged at $ 16.92
Buhler Industries—————-dn $ 0.04 at $ 3.61
Linamar Corp.——————–up $ 2.32 at $ 47.62
Maple Leaf Foods—————–up $ 0.28 at $ 28.75
Nutrien Ltd.———————dn $ 0.06 at $ 65.25
Ritchie Bros Auctioneers Inc.——dn $ 0.17 at $ 45.75
Rocky Mountain Dealerships Inc.—-up $ 0.15 at $ 9.09
(All figures are in Canadian dollars.)
