Canadian Financial Close: C$ continues steady

By Commodity News Service Canada

WINNIPEG, Nov. 5 (CNS Canada) – The Canadian dollar remained steady on Monday, balanced out by gold and oil.
The Canadian dollar closed at US$0.7636 or US$1=C$1.3096, which compares with Friday’s close of US$0.7631 or C$1.3105.
The S&P/TSX Composite Index closed at 15,217.70, up 98.42. In a speech on Monday in London, Bank of Canada Governor Stephen Poloz said market volatility, a stronger United States dollar and higher yields for long-term bonds are signs that markets are becoming more normal, rather than an indication of trouble.

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West Texas Intermediate crude oil fell 0.35 U.S. cents to US62.79 per barrel. This comes as the U.S. imposes more sanctions on Iran. The U.S. is allowing eight countries to continue their imports from Iran without penalty for the time being.
Gold also slipped, down 0.80 U.S. cents to US$1,232.50 per ounce. This comes as S&P Global Intelligence stated building a gold mine is likely cheaper than acquiring an existing mine.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———up $ 0.20 at $ 17.77
Buhler Industries—————-unchanged at $ 3.86
Linamar Crop.——————–dn $ 1.04 at $ 55.35
Maple Leaf Foods—————–up $ 0.20 at $ 29.70
Nutrien Ltd.———————dn $ 0.89 at $ 71.47
Ritchie Bros Auctioneers Inc.—-dn $ 0.12 at $ 43.83
Rocky Mountain Dealerships Inc.–up $ 0.04 at $ 10.24

(All figures are in Canadian dollars.)