By Commodity News Service Canada
WINNIPEG, Nov. 13 (CNS) – The Canadian dollar was weaker at market close Tuesday, pulled lower by a drop in the price of oil.
The Canadian dollar settled Tuesday at US$0.7552 or C$1.3241, compared to Friday’s North American close of US$0.7572 or C$1.3206.
Oil prices plunged Tuesday, over concerns of weakening global demand. Brent crude lost US$5.21 to settle at US$65 per barrel. United States West Texas Intermediate crude dropped 7.88 per cent to US$55.21 per barrel.
Gold prices rose Tuesday, as a weaker U.S. dollar pushed the metal higher. Spot gold rose 0.2 per cent to US$1,202.90 per ounce. U.S. gold futures were steady at US$1,233.70 per ounce.
In Toronto, the S&P/TSX Composite closed lower Tuesday. It lost 24.62 points, or 0.16 percent, to 15,131.78.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.10 at $ 17.30
Buhler Industries—————-unchanged at $ 3.94
Linamar Corp.——————–up $ 0.58 at $ 48.88
Maple Leaf Foods—————–dn $ 0.06 at $ 29.66
Nutrien Ltd.———————dn $ 0.69 at $ 72.27
Ritchie Bros Auctioneers Inc.——up $ 0.23 at $ 46.55
Rocky Mountain Dealerships Inc.—-up $ 0.05 at $ 9.25
(All figures are in Canadian dollars.)
