Canadian Financial Close: Dollar down with oil

By Commodity News Service Canada

WINNIPEG, Jan. 11 (CNS) – The Canadian dollar was weaker at market close, dragged down by a drop in the price of oil.

The Canadian dollar settled Friday at US$0.7542 or C$1.3259, compared to Thursday’s North American close of US$0.7556 or C$1.3234.

Oil prices were down Friday, as traders worried about a global economic slowdown. U.S. West Texas Intermediate lost US$1 to US$51.59 per barrel. Brent crude futures fell US$1.2 to US$60.48 per barrel.

Gold prices rose Friday, as interest grew in the non-yielding metal. Spot gold rising 0.24 per cent to US$1,289.36 per ounce.

In Toronto, the S&P/TSX Composite closed higher Friday. The S&P/TSX gained 35.69 points, 0.24 per cent, to 14,939.18.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.07 at $ 16.85
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–up $ 0.22 at $ 48.67
Maple Leaf Foods—————–dn $ 0.08 at $ 28.48
Nutrien Ltd.———————dn $ 0.12 at $ 66.16
Ritchie Bros Auctioneers Inc.——up $ 0.02 at $ 46.20
Rocky Mountain Dealerships Inc.—-up $ 0.01 at $ 9.01
(All figures are in Canadian dollars.)

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