By Commodity News Service Canada
WINNIPEG, Oct. 11 (CNS) – The Canadian dollar closed lower
Thursday, as global equity markets continued their downfall.
The Canadian dollar settled Thursday at US$0.7670 or
C$1.3038, compared to Wednesday’s North American close of
US$0.7697 or C$1.2992.
Global equity markets continued to slide Thursday, as
American investors worried about rising interest rates while
bracing for the impact of trade conflicts on corporate earnings.
Oil prices hit more than two-week lows Thursday, taking
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Intermediate crude lost US$2.20 to US$70.97 per barrel, while
Brent crude dropped US$2.83 to US$80.26 per barrel.
Gold prices rose Thursday, as investors abandoned the
falling stock markets and rushed to buy gold. Spot gold gained
2.6 per cent to US$1, 225.26 per ounce, while U.S. gold futures
for December delivery added 2.87 per cent to US$1,227.60 per
ounce.
In Toronto, the S&P/TSX Composite continued to drop in
value Thursday, falling 181.16 points, or 1.17 per cent, to
settle at 15,336.24.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.15 at $ 17.75
Buhler Industries—————-dn $ 0.01 at $ 3.60
Linamar Crop.——————–dn $ 0.13 at $ 54.97
Maple Leaf Foods—————–dn $ 1.29 at $ 31.83
Nutrien Ltd.———————dn $ 1.21 at $ 70.43
Ritchie Bros Auctioneers Inc.—-dn $ 0.22 at $ 43.39
(All figures are in Canadian dollars.)
