By Commodity News Service Canada
WINNIPEG, Jan. 11 – The Canadian dollar dropped Thursday,
as fears continued to grow about the potential end of the North
American Free Trade Agreement.
The Canadian dollar settled Thursday at US$0.7978 or
C$1.2535, compared to Wednesday’s North American close of
US$0.8003 or C$1.2496.
Canada’s Foreign Affairs Minister Chrystia Freeland said
Thursday while the government is hoping for the best they are
prepared for the end of NAFTA.
Gold rose 0.27 per cent in price Thursday to US$1,322.90.
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Oil prices rose about one per cent Thursday to hit three-
year highs, due to further signs of tightening supply in the
United States and expectations that the Organization of
Petroleum Exporting Countries’ output cuts would underpin the
market. Brent crude rose to US$70.05, its highest since
November, 2014.
In Toronto, the TSX/S&P Composite Index rose Thursday,
supported by gains for energy companies, financial stocks and
some mines offsetting pullback from marijuana producers and a
slip in Shaw Communications Inc. after its quarterly earnings
disappointed investors. The TSX/S&P gained 38.99, or 0.24 per
cent, to 16,286.94.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.29 at $21.70
Buhler Industries————unchanged at $ 4.60
Maple Leaf Foods————-dn $ 0.29 at $ 34.22
(All figures are in Canadian dollars.)
