By Commodity News Service Canada
WINNIPEG, Oct. 4 (CNS) – The Canadian dollar closed lower
Thursday, weighed down by a drop in the price of oil.
The Canadian dollar settled Thursday at US$0.7752 or
C$1.2900, compared to Wednesday’s North American close of
US$0.7793 or C$1.2832.
Oil prices fell Thursday over the prospect of increasing
crude production from Saudi Arabia and Russia. Brent crude
futures lost US$1.71 to US$84.58 per barrel. United States West
Texas Intermediate crude dropped US$2.08 to US$74.33 per barrel.
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Gold prices steadied Thursday over positive U.S. economic
data and prospects of tighter monetary policy. Spot gold rose
0.1 per cent to US$1,197.87 per ounce, while U.S. gold futures
for December delivery lost 0.11 per cent to US$1,201.60 per
ounce.
In Toronto, the S&P/TSX Composite closed lower Thursday,
falling 62.37 points, or 0.39 per cent, to settle at 16,009.68.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.08 at $ 17.80
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 2.05 at $ 58.76
Maple Leaf Foods—————–up $ 0.15 at $ 32.74
Nutrien Ltd.———————up $ 0.44 at $ 74.99
Ritchie Bros Auctioneers Inc.—-up $ 0.11 at $ 46.81
Rocky Mountain Dealerships Inc.–dn $ 0.03 at $ 10.20
(All figures are in Canadian dollars.)
