Canadian Financial Close: C$ idles amid NAFTA worries

By Commodity News Service Canada

WINNIPEG, January 19 (CNS) – The Canadian dollar finished
relatively flat against its American counterpart Friday, as
investors grew increasingly worried about the possible
transformation or termination of the North American Free Trade
Agreement.
The rising price of oil and adjustments to the interest
rate are also variables traders are watching.
Canadian bonds ended mixed on the day. The country’s two-
year yield rose earlier in the week after the Bank of Canada
raised interest rates.

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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Canadian Trade…

Foreigners bought C$19.56 billion worth of government and
corporate bonds during the month of November.
Canadian manufacturing sales rose 3.4 per cent in November.
The Canadian dollar settled on Friday at US$0.8035 cents or
C$1.2446, compared to Thursday’s North American close of
US$0.8026 or C$1.2459.
The S&P/TSX composite index rose 68.99 points or 0.42
percent to 16,353.46. The market took strength from gains in
financials and the industrial sector.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.12 at $ 21.70
Buhler Industries————– $ 0.17 at $ 4.33
Maple Leaf Foods————-up $ 0.20 at $ 35.50
Nutrien Ltd.—————–up $ 0.09 at $ 66.18

(All figures are in Canadian dollars.)

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