Canadian Financial Close: Plans to move Canadian crude

By Commodity News Service Canada

WINNIPEG, Nov. 16 (CNS Canada) – The Canadian dollar was up at market close Friday.
The loonie closed at US$0.7602 or US$1=C$1.3154, which compares with Thursday’s close of US$0.7575 or C$1.3202.
The S&P/TSX Composite Index closed at 15,155.50, up 10.62 points.
Oil rose slightly Friday as United States West Texas Intermediate crude oil increased by 32 U.S. cents to close Friday at US$57.02 per barrel.
There could be good news for Canadian oil as five producers have come up with plans to boost shipments of heavy Canadian crude by rail by 270,000 barrels per day. Most of Canada’s oil is transported to refineries along the U.S. Gulf Coast. The price of Canadian crude, down US$2.00 per barrel this week now at US$13.00 per barrel, has fallen because of transportation problems.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———dn $ 0.67 at $ 16.63
Buhler Industries—————-up $ 0.01 at $ 3.75
Linamar Corp.——————–dn $ 0.44 at $ 48.63
Maple Leaf Foods—————–dn $ 0.15 at $ 29.17
Nutrien Ltd.———————up $ 0.24 at $ 70.69
Ritchie Bros Auctioneers Inc.—-up $ 0.45 at $ 45.68
Rocky Mountain Dealerships Inc.–dn $ 0.04 at $ 9.30

(All figures are in Canadian dollars.)
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