By Commodity News Service Canada
WINNIPEG, Jan. 22 – The Canadian dollar was little changed
Monday as gains in oil were offset by losses in the stock
market.
The Canadian dollar settled Monday at US$0.8027 or
C$1.2458, compared to Friday’s North American close of US$0.8026
or C$1.2459.
Oil settled higher Monday following dollar fluctuations and
the restart of some Libyan oil fields which caused the market to
vacillate. Brent crude futures were up 42 cents to US$69.03 per
barrel.
Read Also
Canadian Financial Close: Loonie down, economy shrinks
Glacier FarmMedia – The Canadian dollar dipped again on Friday, after Statistics Canada reported the country’s economy stumbled in August….
The price of gold closed lower Monday as the U.S. dollar
hovered near three-year lows which was offset by bullishness in
the financial markets caused by the U.S. government shutdown
ending. U.S. gold futures settled down US$1.20 to US$1,331.90
per ounce.
In Toronto, the TSX/S&P Composite Index closed slightly
lower Monday as railroad and materials shares declined,
offsetting gains for the energy group, which was supported by
higher oil prices. The TSX/S&P was down 5.48 points, or 0.03 per
cent, to 16,347.98.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.74 at $ 22.44
Buhler Industries————unchanged at $ 4.33
Maple Leaf Foods————-dn $ 0.33 at $ 35.17
Nutrien Ltd.—————–dn $ 0.15 at $ 66.03
(All figures are in Canadian dollars.)
