By Commodity News Service Canada
WINNIPEG, Aug 22 (CNS) – The Canadian dollar closed higher
Wednesday, supported by a gain in the price of oil.
The Canadian dollar settled Wednesday at US$0.7683 or
C$1.3016, compared to Tuesday’s North American close of
US$0.7671 or C$1.3036.
Oil prices rose Wednesday, as United States government data
showed a larger-than-expected draw in crude inventories and
American sanctions on Iran tightened supplies. Brent crude
futures gained US$2.15, or 3 per cent, to US$74.78 per barrel.
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cent, to US$67.86 per barrel.
Gold prices steadied Wednesday, as the American dollar
eased after the U.S. Federal Reserve’s policy meeting repeated
the warning on an oncoming interest rate hike. Spot gold was
flat at US$1,195.95 per ounce. U.S. gold futures for December
delivery gained US$3.03, 0.3 per cent to US$1,203.30.
In Toronto, the S&P/TSX Composite closed higher Wednesday,
rising 50.37 points, or 0.31 per cent, to settle at 16,347.34.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.03 at $ 18.27
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 0.70 at $ 53.65
Maple Leaf Foods—————–up $ 0.22 at $ 31.56
Nutrien Ltd.———————dn $ 0.17 at $ 71.50
Ritchie Bros Auctioneers Inc.—-dn $ 0.51 at $ 49.70
Rocky Mountain Dealerships Inc.–dn $ 0.02 at $ 10.28
(All figures are in Canadian dollars.)
