By Commodity News Service Canada
WINNIPEG, Sep. 19 (CNS) – The Canadian dollar closed higher
Wednesday, taking support from rising gold and oil prices.
The Canadian dollar settled Wednesday at US$0.7724 or
C$1.2947, compared to Tuesday’s North American close of
US$0.7697 or C$1.2992.
Oil prices rose Wednesday, supported by a fifth weekly
crude inventory decline and strong domestic gasoline demand.
Brent crude gained 37 cents to US$79.40 per barrel. U.S. West
Texas Intermediate crude added US$1.27 to US$71.12 per barrel.
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Gold prices rose Wednesday as the American dollar weakened
due to investors showing concern about the impact of the U.S.
China trade war. Spot gold lost 0.5 per cent to US$1,203.68 per
ounce, while U.S. gold futures for December delivery rose 0.5
per cent to US$1,208.30 per ounce.
In Toronto, the S&P/TSX Composite closed lower Wednesday,
falling 46.12 points, or 0.28 per cent, to settle at 16,149.92.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.35 at $ 17.81
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–unchanged at $ 60.29
Maple Leaf Foods—————–dn $ 0.14 at $ 31.53
Nutrien Ltd.———————up $ 0.03 at $ 75.80
Ritchie Bros Auctioneers Inc.—-dn $ 0.80 at $ 47.88
Rocky Mountain Dealerships Inc.–dn $ 0.14 at $ 10.27
(All figures are in Canadian dollars.)
