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Canadian Financial Close: C$ firm to start 2020

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Published: January 2, 2020

By MarketsFarm

WINNIPEG, Jan. 2 (MarketsFarm) – The Canadian dollar held steady on Thursday, as the currency consolidated near its recently-hit 14-month highs.
The Canadian dollar closed at US$0.7697 or US$1=C$1.2992, which compares with Tuesday’s close of US$0.7699, or US$1=C$1.2988.
Reports of easing monetary policy out of China were supportive for world equities and commodities, which helped underpin the Canadian dollar on the first trading day of 2020.
The looming Phase One trade deal between the United States and China, which will reportedly be signed on Jan. 15, was also somewhat supportive for the financial markets. However, details on the agreement are still lacking.
The TSX Composite Index was stronger, gaining 36.52 points, or 0.21 per cent, to close at 17,099.95 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————-dn $ 0.14 at $ 2.79
Linamar Corp.——————–up $ 0.17 at $ 49.13
Maple Leaf Foods—————–dn $ 0.52 at $ 25.36
Nutrien Ltd.———————dn $ 0.71 at $ 61.46
Ritchie Bros Auctioneers Inc.—-up $ 0.05 at $ 55.77
Rocky Mountain Dealerships Inc.–up $ 0.11 at $ 6.55

(All figures are in Canadian dollars.)

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