By Commodity News Service Canada
WINNIPEG, Jan. 7 (CNS) – The Canadian dollar was stronger at market close, supported by a gain the price of gold and oil.
The Canadian dollar settled Monday at US$0.7511 or C$1.3313, compared to Friday’s North American close of US$0.7457 or C$1.3410.
Oil prices continued their rebound Monday, finding support from OPEC production cuts and stabilizing equity markets. United States West Texas Intermediate added 56 U.S. cents to US$48.52 per barrel. Brent crude futures gained 27 U.S. cents to US$57.33 per barrel.
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Gold prices rose Monday, supported by a slumping American dollar. Spot gold gained 0.3 per cent to US$1,288.14 per ounce. U.S. gold futures rose 0.3 per cent to US$1,289.90 per ounce.
In Toronto, the S&P/TSX Composite was slightly higher at market close. The S&P/TSX gained 77.51 points, 0.54 per cent, to 14,504.13.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.04 at $ 17.24
Buhler Industries—————-unchanged at $ 3.65
Linamar Corp.——————–up $ 0.95 at $ 45.96
Maple Leaf Foods—————–up $ 0.31 at $ 27.67
Nutrien Ltd.———————up $ 0.36 at $ 63.49
Ritchie Bros Auctioneers Inc.——up $ 0.35 at $ 46.19
Rocky Mountain Dealerships Inc.—-dn $ 0.01 at $ 8.99
(All figures are in Canadian dollars.)
