By Commodity News Service Canada
WINNIPEG, Jan. 22 (CNS) – The Canadian dollar was weaker at market close Tuesday, dragged down by a drop in the price of oil and the stock market.
The Canadian dollar settled Tuesday at US$0.7496 or C$1.3340, compared to Monday’s North American close of US$0.7520 or C$1.3297.
Oil prices were down Tuesday, as concerns about slowing global economic growth weighed on the market. United States West Texas Intermediate crude gained lost US$1.57 to US$52.23 per barrel. Brent crude futures fell US$1.82 to US$60.92 per barrel.
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Gold prices were firm Tuesday, as investors looked for safety in the metals market. Spot gold rose 0.4 per cent to US$ 1,284.54 per ounce. U.S. gold futures gained 0.1 per cent to US$1,283.4.
In Toronto, the S&P/TSX Composite closed lower Tuesday, ending a 12-day long rally. The S&P/TSX lost 120.40 points, or 0.78 per cent, to 15,222.76.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.12 at $ 16.84
Buhler Industries—————-up $ 0.05 at $ 3.66
Linamar Corp.——————–dn $ 0.21 at $ 47.33
Maple Leaf Foods—————–up $ 0.14 at $ 28.92
Nutrien Ltd.———————dn $ 1.36 at $ 67.93
Ritchie Bros Auctioneers Inc.——up $ 0.36 at $ 48.49
Rocky Mountain Dealerships Inc.—-dn $ 0.17 at $ 8.65
(All figures are in Canadian dollars.)
