The Canadian dollar was weaker at market close, dragged down by a drop in the price of oil.
The Canadian dollar settled Wednesday at US$0.7518 or C$1.3302, compared to Tuesday’s North American close of US$0.7559 or C$1.3230.
Oil prices fell below US$60 per barrel Wednesday as United States crude inventories rose for the 10th straight week. Brent crude lost 32 U.S. cents to settle at US$59.89 per barrel. U.S. West Texas Intermediate crude fell 25 U.S. cents to US$51.31 per barrel.
Gold prices were up Wednesday, supported by a weaker American dollar. Spot gold gained 0.6 per cent to settle at US$1,221.68 per ounce. U.S. gold futures rose 0.7 percent to US$1,222 per ounce.
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In Toronto, the S&P/TSX Composite was stronger at market close Thursday. It gained 227.16 points, or 1.52 percent, to 15,171.25.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.27 at $ 15.64
Buhler Industries—————-up $ 0.02 at $ 3.69
Linamar Corp.——————–dn $ 2.04 at $ 46.48
Maple Leaf Foods—————–up $ 0.37 at $ 28.74
Nutrien Ltd.———————up $ 0.34 at $ 67.66
Ritchie Bros Auctioneers Inc.——up $ 1.08 at $ 46.42
Rocky Mountain Dealerships Inc.—-dn $ 0.06 at $ 9.10
(All figures are in Canadian dollars.)
