Canadian Financial Close: Posties being ordered back to work

By Commodity News Service Canada

WINNIPEG, Nov. 23 (CNS Canada) – The Canadian dollar was down slightly at market close Friday.
The loonie closed at US$0.7560 or US$1=C$1.3228, which compares with Thursday’s close of US$0.7573 or C$1.3205.
The S&P/TSX Composite Index closed Friday at 15,010.73, down by 80.85 points.
The Canadian Union of Postal Workers and the Canadian Labour Congress condemned back-to-work legislation introduced by the federal government yesterday. The legislation will force postal workers to end their rotating strikes. Canada Post said the backlog of deliveries could take weeks to clear up.

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Oil was also down Friday as United States West Texas Intermediate crude oil fell by US$4.24 to close at US$50.39 per barrel.
The Toronto-Dominion Bank said Friday that Canada’s economic growth could slow in the fourth quarter if prices for Western Canadian Select crude, which sells at a discount of the WTI price, remains at record low prices at about US$15 per barrel. Economic growth in the fourth quarter is projected to fall from 2.5 per cent to 2.0 percent if oil prices do not improve.
Gold was down Friday by US$4.60 to US$1,223.40 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———dn $ 0.56 at $ 15.29
Buhler Industries—————-unchanged at $ 3.75
Linamar Corp.——————–up $ 1.68 at $ 50.99
Maple Leaf Foods—————–up $ 0.29 at $ 29.34
Nutrien Ltd.———————dn $ 0.51 at $ 67.79
Ritchie Bros Auctioneers Inc.—-dn $ 0.06 at $ 45.16

Rocky Mountain Dealerships Inc.–dn $ 0.04 at $ 9.39

(All figures are in Canadian dollars.)