By Commodity News Service Canada
WINNIPEG, Sept. 7 (CNS) – The Canadian dollar closed higher
Friday, supported by a slight gain in the price of oil.
The Canadian dollar settled Wednesday at US$0.7596 or
C$1.3164, compared to Thursday’s North American close of
US$0.7583 or C$1.3188.
Oil prices felt increasing pressure during the day from a
strong United States dollar, weakness in the equity markets and
Tropical Storm Gordon’s smaller-than-expected impact on U.S. oil
production. Brent crude futures rose 0.59 per cent to US$76.95
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cent to US$67.80 per barrel.
Gold prices fell Friday, pressured by a stronger U.S.
dollar and better than expected U.S. jobs data. Spot gold
dropped 0.1 per cent to US$1,198.40 per ounce, while U.S. gold
futures for December delivery were flat at US$1,203.80 per
ounce.
In Toronto, the S&P/TSX Composite closed lower Friday,
falling 10.67 points, or 0.07 per cent, to settle at 16,090.27.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.03 at $ 18.15
Buhler Industries—————-up $ 0.02 at $ 3.60
Linamar Crop.——————–up $ 0.07 at $ 55.15
Maple Leaf Foods—————–up $ 0.44 at $ 31.61
Nutrien Ltd.———————up $ 0.37 at $ 72.31
Ritchie Bros Auctioneers Inc.—-dn $ 0.50 at $ 49.14
Rocky Mountain Dealerships Inc.–up $ 0.06 at $ 10.61
(All figures are in Canadian dollars.)
