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Canadian Financial Close: Gold pushes loonie up

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Published: October 15, 2018

By Commodity News Service Canada

WINNIPEG, Oct. 15 (CNS) – The Canadian dollar closed higher
Monday, taking support from rising gold prices.

The Canadian dollar settled Monday at US$0.7696 or
C$1.2993, compared to Friday’s North American close of US$0.7674
or C$1.3031.

Oil prices steadied Monday supported by political tensions
over the disappearance of a Saudi journalist but weighed down by
falling equity markets. United States West Texas Intermediate
crude gained 27 U.S. cents to US$71.61 per barrel, while Brent

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crude added 33 U.S. cents to US$80.76 per barrel.

Gold prices hit their highest values in months Monday,
supported by falling stock markets. Spot gold gained 0.7 per
cent to US$1,226.50 per ounce, while U.S. gold futures for
December delivery added 0.68 per cent to US$1,230.3 per ounce.

In Toronto, the S&P/TSX Composite closed lower Monday,
falling 4.82 points, or 0.03 per cent, to settle at 15,409.47.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.04 at $ 17.71
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–up $ 1.83 at $ 55.57
Maple Leaf Foods—————–dn $ 0.07 at $ 31.89
Nutrien Ltd.———————dn $ 0.45 at $ 70.03
Ritchie Bros Auctioneers Inc.—-up $ 0.32 at $ 43.55
Rocky Mountain Dealerships Inc.–up $ 0.30 at $ 10.18

(All figures are in Canadian dollars.)

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