By Commodity News Service Canada
WINNIPEG, Oct. 29 (CNS) – The Canadian dollar closed
slightly lower Monday, weighted by a drop in the price of oil
and gold.
The Canadian dollar settled Monday at US$ 0.7623 or
C$1.3119, compared to Friday’s North American close of US$0.7629
or C$1.3108.
Oil prices were down Monday, after Russia said it wouldn’t
reduce output. Brent crude lost 28 U.S. cents to settle at
US$77.34 per barrel. United States West Texas Intermediate crude
fell 55 U.S. cents to US$67.04 per barrel.
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Gold prices fell Monday, as a strong U.S. dollar pressured
prices and investors turned their interest again to the global
equity markets following a sell-off last week. Spot gold lost
0.6 per cent to US$1,225.71 per ounce. U.S. gold futures dropped
0.7 per cent to US$1,227.60 per ounce.
In Toronto, the S&P/TSX Composite closed lower Monday. It
fell 166.51 points, or 1.12 per cent, to settle at 14,721.75.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.09 at $ 17.39
Buhler Industries—————-up $ 0.04 at $ 3.68
Linamar Crop.——————–dn $ 1.45 at $ 52.85
Maple Leaf Foods—————–dn $ 0.33 at $ 29.48
Nutrien Ltd.———————dn $ 0.76 at $ 66.90
Ritchie Bros Auctioneers Inc.—-up $ 0.58 at $ 42.15
Rocky Mountain Dealerships Inc.–unchanged at $ 9.68
(All figures are in Canadian dollars.)
