By Commodity News Service Canada
WINNIPEG, Jan. 8 (CNS) – The Canadian dollar was stronger at market close, supported by a rise in the price of oil and the stock market.
The Canadian dollar settled Tuesday at US$0.7523 or C$1.3293, compared to Monday’s North American close of US$0.7511 or C$1.3313.
Oil prices continued gains Tuesday, finding support from hopes the United States/China trade talks might defuse the trade dispute. U.S. West Texas Intermediate added US$1.26 to US$49.78 per barrel. Brent crude futures gained US$1.39 to US$58.72 per barrel.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped on Tuesday morning as its United States counterpart…
Gold prices were down Tuesday, as optimism about a U.S./China trade deal had traders interested in more riskier stocks. Spot gold lost 0.3 per cent to US$1,285.30 per ounce. U.S. gold futures fell 0.3 per cent to US$1,285.90 per ounce.
In Toronto, the S&P/TSX Composite hit a more than three-week high supported by gains in the information technology sector. The S&P/TSX gained 101.02 points, 0.7 per cent, to 14,605.15.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.32 at $ 16.92
Buhler Industries—————-unchanged at $ 3.65
Linamar Corp.——————–dn $ 0.66 at $ 45.30
Maple Leaf Foods—————–up $ 0.80 at $ 28.47
Nutrien Ltd.———————up $ 1.82 at $ 65.31
Ritchie Bros Auctioneers Inc.——dn $ 0.22 at $ 45.92
Rocky Mountain Dealerships Inc.—-dn $ 0.05 at $ 8.94
(All figures are in Canadian dollars.)
