By Commodity News Service Canada
WINNIPEG, Jan. 12 – The Canadian dollar increased slightly
at close Friday, as increases in the price of oil and the stock
market supported it.
The Canadian dollar settled Friday at US$0.7997 or
C$1.2504, compared to Thursday’s North American close of
US$0.7978 or C$1.2535.
Canada welcomed United States President Donald Trump’s
suggestion Friday that talks to modernize NAFTA could be
extended beyond the end of March deadline, a move which could
help break a deadlock in the negotiations. Trump told the Wall
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Oil prices rose for a sixth straight day Friday, after
Russia’s oil minister said global crude supplies were “not
balanced yet,” alleviating market concerns about a wind-down of
the Organization of the Petroleum Exporting Countries led deal
to reduce production. Brent crude futures rose 61 cents to
settle at US$69.87 per barrel.
In Toronto, the TSX/S&P Composite Index rose slightly
Friday, as rising gold miners, lumber companies and other
resource stocks offset sharp losses for cannabis producers. The
TSX/S&P gained 21.24 points, or 0.13 per cent, to close at
16,308.18.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.08 at $ 21.62
Maple Leaf Foods————-dn $ 0.18 at $ 34.04
Nutrien Ltd.—————–up $ 0.01 at $ 66.64
(All figures are in Canadian dollars.)
