By Commodity News Service Canada
WINNIPEG, Dec. 19 (CNS Canada) – The Canadian dollar was largely unchanged at market close Wednesday as the Bank of Canada announced inflation came in under two per cent in November.
The dollar closed at US$0.7435 or US$1=C$1.3450, which compares with Tuesday’s close of US$0.7433 or C$1.3454.
Bank of Canada Governor Stephen Poloz stated Wednesday, inflation was at 1.7 per cent in November, having come in under his target of two per cent. Poloz said dropping gas prices were a major factor in the decrease.
The S&P/TSX Composite Index closed Wednesday at 14,246.06 down by 152.83 points.
Oil was up Wednesday, as West Texas Intermediate crude oil rose by US$1.72 to close at US$47.96 per barrel.
Gold was down Wednesday by US$8.20 to US$1,241.90 per ounce.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients———dn $ 0.12 at $ 16.74
Buhler Industries—————-unchanged at $ 3.60
Linamar Corp.——————–up $ 0.93 at $ 45.31
Maple Leaf Foods—————–dn $ 0.23 at $ 26.90
Nutrien Ltd.———————dn $ 0.22 at $ 61.30
Ritchie Bros Auctioneers Inc.—-up $ 0.28 at $ 43.45
Rocky Mountain Dealerships Inc.–up $ 0.21 at $ 8.51
(All figures are in Canadian dollars.)
