By Commodity News Service Canada
WINNIPEG, August 9 (CNS) – The Canadian dollar dipped
against its U.S. counterpart on Thursday, tracking losses in
crude oil prices and gold bullion.
Canadian housing starts also fell in July, which was
bearish for the currency.
However, the currency did take strength from a rise in
domestic housing prices and gains in silver, copper and other
metals.
The loonie finished at US$0.7669 or C$1.3040, compared to
Wednesday’s North American close of US$0.7679 or C$1.3023.
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16,416.98. Stocks rose despite the current diplomatic
altercation between Canada and Saudi Arabia. The Middle Eastern
country has vowed to liquidate Canadian assets and recall its
citizens after Canada criticized its behaviour towards women’s
rights activists. Finance Minister Bill Morneau stated today
that the dispute is “clearly not having a big impact on our
markets.”
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.02 at $ 18.33
Buhler Industries————– $ 0.00 at $ 3.62
Maple Leaf Foods————-dn $ 0.07 at $ 31.04
Nutrien Ltd.—————–up $ 2.02 at $ 76.12
Rocky Mountain Dealerships—dn $ 0.07 at $ 10.86
Linamar Corp—————–dn $ 0.16 at $ 54.01
Ritchie Bros. Auctioneers—-up $ 0.39 at $ 45.39
(All figures are in Canadian dollars.)
