By Commodity News Service Canada
WINNIPEG, Oct. 16 (CNS) – The Canadian dollar closed higher
Tuesday, taking support from a rise in the stock market.
The Canadian dollar settled Monday at US$0.7729 or
C$1.2938, compared to Monday’s North American close of US$0.7696
or C$1.2993.
Oil prices rose Tuesday, over expectations of higher U.S.
shale output and supply concerns from the Middle East due to
heightened tensions. United States West Texas Intermediate crude
gained 14 U.S. cents to US$71.92 per barrel, while Brent crude
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Gold prices were steady as weakness in the American dollar
was offset by a recovery in the equity markets. Spot gold was
unchanged at US$1,226.29 per ounce, while U.S. gold futures for
December delivery added 0.1 per cent to US$1,231 per ounce.
In Toronto, the S&P/TSX Composite closed higher Tuesday,
rising 170.27 points, or 1.10 per cent, to settle at 15,579.74.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.09 at $ 17.80
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–up $ 0.60 at $ 56.17
Maple Leaf Foods—————–up $ 0.23 at $ 32.12
Nutrien Ltd.———————up $ 2.20 at $ 72.23
Ritchie Bros Auctioneers Inc.—-up $ 0.32 at $ 43.87
Rocky Mountain Dealerships Inc.–up $ 0.04 at $ 10.22
(All figures are in Canadian dollars.)
