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Canadian Financial Close: Dollar down with gold and oil

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Published: November 27, 2018

By Commodity News Service Canada

WINNIPEG, Nov. 27 (CNS) – The Canadian dollar was lower at market close Tuesday, following the lead of gold and oil.

The Canadian dollar settled Tuesday at US$0.7525 or C$1.3289, compared to Monday’s North American close of US$0.7559 or C$1.3230.

Oil prices dipped Tuesday as uncertainty between the United States and China weighed on the market. Brent crude lost 27 U.S. cents to settle at US$60.21 per barrel. U.S. West Texas Intermediate crude fell seven U.S. cents to US$51.57 per barrel.

Gold prices stumbled Tuesday as a stronger American dollar weighed on the commodity. Spot gold lost 0.77 per cent to settle at US$1,212.91 per ounce.

In Toronto, the S&P/TSX Composite was weaker at market close Thursday. It fell 68.56 points, or 0.46 percent, to 14,944.09.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———up $ 0.51 at $ 15.37
Buhler Industries—————-dn $ 0.08 at $ 3.67
Linamar Corp.——————–dn $ 2.64 at $ 48.52
Maple Leaf Foods—————–dn $ 0.84 at $ 28.37
Nutrien Ltd.———————dn $ 1.02 at $ 67.32
Ritchie Bros Auctioneers Inc.——dn $ 0.61 at $ 45.34
Rocky Mountain Dealerships Inc.—-dn $ 0.16 at $ 9.16

(All figures are in Canadian dollars.)

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