By Commodity News Service Canada
WINNIPEG, Jan. 21 (CNS) – The Canadian dollar was weaker at market close Monday, as investors worried after the International Monetary Fund (IMF) cut its world economic growth forecasts. The IMF predicted the global economy would grow 3.5 percent in 2019 and 3.6 percent in 2020, due to weakness in Europe and some emerging markets.
The Canadian dollar settled Monday at US$0.7520 or C$1.3297, compared to Friday’s North American close of US$0.7541 or C$1.3260.
Oil prices were up Monday, shrugging off China’s slowing economic growth. U.S. crude gained 19 U.S. cents to US$53.99 per barrel. Brent crude futures rose 12 U.S. cents to US$62.83 per barrel.
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Gold prices slipped Monday, hitting its lowest level in almost a month. Spot gold dropped 0.1 per cent to US$1,279.53 per ounce. U.S. gold futures lost 0.2 per cent to US$1,279.60.
In Toronto, the S&P/TSX Composite closed higher Monday. The S&P/TSX gained 50.33 points, 0.33 per cent, to 15,354.16.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.16 at $ 16.96
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–dn $ 0.55 at $ 47.54
Maple Leaf Foods—————–up $ 0.22 at $ 28.78
Nutrien Ltd.———————up $ 1.20 at $ 69.29
Ritchie Bros Auctioneers Inc.——dn $ 0.55 at $ 47.54
Rocky Mountain Dealerships Inc.—-up $ 0.27 at $ 8.82
(All figures are in Canadian dollars.)
