By Commodity News Service Canada
WINNIPEG, Nov. 29 (CNS) – The Canadian dollar was stronger at market close, supported by price increases for gold and oil.
The Canadian dollar settled Thursday at US$0.7533 or C$1.3275, compared to Wednesday’s North American close of US$0.7518 or C$1.3302.
Oil prices rose Thursday after reports that Russia had accepted the need to cut production. Brent crude gained US$1.22 to settle at US$59.98 per barrel. U.S. West Texas Intermediate crude added US$1.30 to US$51.59 per barrel.
Gold prices rose Thursday after comments from U.S. Federal Reserve hinted that interest rate hikes will slow next year. Spot gold gained 0.3 per cent to settle at US$1,224.86 per ounce. U.S. gold futures were steady at US$1,224.10 per ounce.
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In Toronto, the S&P/TSX Composite was stronger at market close Thursday, supported by gains for energy and mining stocks. It gained 22.79 points, or 0.15 percent, to 15,194.04.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.12 at $ 15.52
Buhler Industries—————-unchanged at $ 3.69
Linamar Corp.——————–up $ 1.52 at $ 48.00
Maple Leaf Foods—————–up $ 0.54 at $ 29.28
Nutrien Ltd.———————up $ 0.50 at $ 68.16
Ritchie Bros Auctioneers Inc.——up $ 0.39 at $ 46.81
Rocky Mountain Dealerships Inc.—-up $ 0.04 at $ 9.14
(All figures are in Canadian dollars.)
