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Canadian Financial Close: Gold pulls dollar down

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Published: September 27, 2018

By Commodity News Service Canada

WINNIPEG, Sep. 26 (CNS) – The Canadian dollar closed lower
Thursday, as weaker gold prices weighed on the market.

The Canadian dollar settled Thursday at US$0.7666 or
C$1.3045, compared to Wednesday’s North American close of
US$0.7707 or C$1.2975.

Oil prices settled higher Thursday, supported by a
potential global supply shortfall due to United States sanctions
against major crude exporter Iran. Brent crude futures gained 46
U.S. cents to US$81.25 per barrel, while U.S. crude futures rose

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48 U.S. cents to close at US$72.05 per barrel.

Gold prices closed lower Thursday, as the U.S. dollar
surged making gold more expensive to buyers using other
currencies. Spot gold fell 0.8 per cent to US$1,184.54 per
ounce, while U.S. gold futures for December delivery lost one
per cent to US$1,187.40 per ounce.

In Toronto, the S&P/TSX Composite closed higher Thursday,
rising 35.34 points, or 0.22 per cent, to settle at 16,204.62.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.34 at $ 17.71
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 0.04 at $ 60.40
Maple Leaf Foods—————–dn $ 0.37 at $ 31.09
Nutrien Ltd.———————dn $ 0.17 at $ 74.68
Ritchie Bros Auctioneers Inc.—-uo $ 0.28 at $ 47.44
Rocky Mountain Dealerships Inc.–up $ 0.18 at $ 10.48

(All figures are in Canadian dollars.)

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