By Commodity News Service Canada
WINNIPEG, Jan. 25 – The Canadian dollar rose Thursday,
despite the price of oil having dipped near close.
The Canadian dollar settled Thursday at US$0.8115 or
C$1.2323, compared to Wednesday’s North American close of
US$0.8103 or C$1.2341.
Oil prices slipped Thursday after United States President
Donald Trump’s interview with CNBC in Davos, Switzerland at the
World Economic Forum caused the American dollar to rise in
value. Brent crude fell 11 cents to settle at US$70.42 per
barrel. Earlier in the session before Trump’s comments, Brent
had hit US$71 per barrel.
In Toronto, the TSX/S&P Composite Index fell Thursday as
lower commodity prices pressured energy and materials shares,
while shares of financial companies as well lost ground. The
TSX/S&P dropped 80.2 points, or 0.49 per cent, to 16,204.01.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.10 at $ 21.98
Buhler Industries————unchanged at $ 4.33
Maple Leaf Foods————-up $ 0.59 at $ 35.93
Nutrien Ltd.—————–dn $ 0.66 at $ 65.45
(All figures are in Canadian dollars.)
