The Canadian dollar was slightly higher at market close Thursday, supported by an increase in the price of gold and crude oil.
The Canadian dollar settled Thursday at US$0.7575 or C$1.3202, compared to Wednesday’s North American close of US$0.7556 or C$1.3235.
Oil prices rose Thursday as fuel stockpile declines in the United States helped offset concerns of a potential oversupply next year. Brent crude added 70 U.S. cents to settle at US$66.82 per barrel. U.S. West Texas Intermediate crude gained 39 U.S. cents to US$56.64 per barrel.
Read Also
Canadian Financial Close: Loonie up, TSX surges
Glacier FarmMedia – The Canadian dollar strengthened slightly coming out of the August long weekend. The loonie closed at US$0.7254 or…
Gold prices hit a near one-week high as investors left the equity markets over the Brexit drama. Spot gold rose 0.3 per cent to US$1,214.79 per ounce. U.S. gold futures added 0.4 per cent to US$1,215 per ounce.
In Toronto, the S&P/TSX Composite was steady at market close Thursday. It added 11.76 points, or 0.08 percent, to 15,144.88.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.04 at $ 17.30
Buhler Industries—————-unchanged at $ 3.74
Linamar Corp.——————–up $ 0.82 at $ 49.07
Maple Leaf Foods—————–dn $ 0.32 at $ 29.32
Nutrien Ltd.———————up $ 0.62 at $ 70.45
Ritchie Bros Auctioneers Inc.——dn $ 0.32 at $ 45.23
Rocky Mountain Dealerships Inc.—-up $ 0.01 at $ 9.26
(All figures are in Canadian dollars.)
