By Commodity News Service Canada
WINNIPEG, May 18 (CNS) – The Canadian dollar fell Friday,
dragged down by a dip in the price of oil.
The Canadian dollar settled Friday at US$0.7764 or
C$1.2880, compared to Thursday’s North American close of
US$0.7812 or C$1.2801.
Gold prices rebounded Friday, gaining 0.2 per cent to
settle at US$1,292.12 per ounce.
Oil prices fell Friday, however oil was still on track for
a sixth straight week of gains, boosted by plummeting Venezuelan
productions, strong global demand and looming United States
sanctions on Iran. Brent crude dropped 26 cents to settle at
US$79.04 per barrel.
In Toronto, the TSX/S&P Composite closed flat Friday, as a
rise in healthcare stocks offset a drop in financial shares
after inflation data lifted expectation the central bank will
hold interest rates steady later this month. The TSX/S&P rose
18.76 points, or 0.12 per cent, to 16,162.31.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.09 at $ 16.79
Buhler Industries————unchanged at $ 3.76
Maple Leaf Foods————-dn $ 0.17 at $ 29.13
Nutrien Ltd.—————–up $ 0.30 at $ 66.31
(All figures are in Canadian dollars.)
