Canadian Financial Close: Canadian dollar rises with TSX

By Commodity News Service Canada

WINNIPEG, Jan. 16 (CNS Canada) – The Canadian dollar was up at market close Wednesday day along with the Toronto Stock Exchange.
The dollar finished the day at US$0.7548 or US$1=C$1.3248, which compares with Tuesday’s close of US$0.7538 or C$1.3266.
The S&P/TSX Composite Index closed Wednesday at 15,111.26 up by 64.98 points. Today’s gains were aided by increases in bank shares. This marked the ninth consecutive day the S&P/TSX finished on the upswing.
The major United States stock markets finished trading Wednesday in the green as well, thanks to strong earnings reports from Goldman Sachs and Bank of America. The Dow Jones increased by 173.97 points to 24,239.56, the NASDAQ rose by 16.75 points to 7,040.58 and the S&P 500 gained 8.78 points to close at 2,619.08.

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Oil was up Wednesday as West Texas Intermediate crude oil rose by 27 cents to close at US$52.38 per barrel.
Gold was up Wednesday by US$4.90 to US$1,293.30 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———dn $ 0.08 at $ 16.89
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–up $ 0.36 at $ 49.42
Maple Leaf Foods—————–up $ 0.35 at $ 28.60
Nutrien Ltd.———————dn $ 0.13 at $ 65.78
Ritchie Bros Auctioneers Inc.—-up $ 0.16 at $ 46.57
Rocky Mountain Dealerships Inc.–dn $ 0.09 at $ 8.82

(All figures are in Canadian dollars.)