By Commodity News Service Canada
WINNIPEG, Jan. 9 – The Canadian dollar closed lower Tuesday
as drops in the price of gold and the stock market weighed on
it.
The Canadian dollar settled Tuesday at US$0.8030 or
C$1.2454, compared to Monday’s North American close of US$0.8050
or C$1.2422.
Gold dropped at close Tuesday by 0.45 per cent to
US$1,314.5.
Oil prices were higher Tuesday, as United States crude hit
its highest point since December 2014, supported by Organization
Read Also
Canadian Financial Close: Very little movement for loonie
Glacier FarmMedia — The Canadian dollar remained relatively steady on Tuesday despite another day of losses for crude oil. The…
expectations that U.S. crude inventories had dropped for an
eighth week. U.S. West Texas Intermediate crude rose 95 cents to
US$62.68 per barrel, while Brent crude was up 79 cents to
US$68.74.
In Toronto, the TSX/S&P Composite Index was little changed
Tuesday as shares of energy and marijuana producers rose,
balancing a dip in the materials group which was pressured by a
drop in the price of gold. The TSX/S&P rose 1.59, or 0.01 per
cent, to 16,319.24.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.91 at $ 20.97
Buhler Industries————up $ 0.05 at $ 4.60
Maple Leaf Foods————-dn $ 0.11 at $ 34.89
Nutrien Ltd.—————–dn $ 1.15 at $ 65.70
(All figures are in Canadian dollars.)
