By Commodity News Service Canada
WINNIPEG, Dec. 12 (CNS) – The Canadian dollar was stronger at market close, supported by a gain in the price of oil and the stock market.
The Canadian dollar settled Wednesday at US$0.7493 or C$1.3346, compared to Tuesday’s North American close of US$0.7462 or C$1.3402.
Oil prices increased Wednesday, after a report a report showed United States crude oil stockpiles fell less than expected last week. U.S. West Texas Intermediate crude gained 24 U.S. cents to US$51.89 per barrel. Brent crude futures rose 59 U.S. cents to US$60.78 per barrel.
In Toronto, the S&P/TSX Composite was stronger at market close. The S&P/TSX gained 115.23 points, or 0.79 percent, to 14,783.06.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.12 at $ 17.18
Buhler Industries—————-unchanged at $ 3.60
Linamar Corp.——————–up $ 0.52 at $ 44.53
Maple Leaf Foods—————–dn $ 0.14 at $ 28.03
Nutrien Ltd.———————dn $ 0.48 at $ 63.50
Ritchie Bros Auctioneers Inc.——dn $ 0.36 at $ 43.67
Rocky Mountain Dealerships Inc.—-up $ 0.16 at $ 8.77
(All figures are in Canadian dollars.)
