Canadian Financial Close: Dollar down slightly with oil

By Commodity News Service Canada

WINNIPEG, Sept. 6 (CNS) – The Canadian dollar closed
slightly lower Thursday, as a gain in the price of gold was
offset by a drop in the price of oil.

The Canadian dollar settled Thursday at US$0.7583 or
C$1.3188, compared to Wednesday’s North American close of
US$0.7584 or C$1.3185.

Crude oil futures were down Wednesday, after United States
data showed gasoline inventories were up unexpectedly last week.
Brent crude futures lost 0.83 per cent to US$76.63 per barrel.

U.S West Texas Intermediate crude was down 1.24 per cent to
US$67.87 per barrel.

Gold prices climbed higher Thursday, supported by a weaker
U.S. dollar, short-covering and physical buying in Asia. Spot
gold added 0.3 per cent to US$1,199.68 per ounce, while U.S.
gold futures for December delivery gained 0.3 per cent to
US$1,204.30 per ounce.

In Toronto, the S&P/TSX Composite closed lower Wednesday,
falling 36.63 points, or 0.23 per cent, to settle at 16,100.94.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.32 at $ 18.12
Buhler Industries—————-up $ 0.04 at $ 3.58
Linamar Crop.——————–up $ 0.20 at $ 55.08
Maple Leaf Foods—————–up $ 0.07 at $ 31.17
Nutrien Ltd.———————dn $ 0.33 at $ 71.95
Ritchie Bros Auctioneers Inc.—-dn $ 0.28 at $ 49.64
Rocky Mountain Dealerships Inc.–up $ 0.10 at $ 10.55

(All figures are in Canadian dollars.)

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