Canadian Financial Close: Loonie steady with gold

By Commodity News Service Canada

WINNIPEG, Jan. 24 (CNS) – The Canadian dollar was steady at market close Thursday, following the lead of gold.

The Canadian dollar settled Thursday at US$0.7490 or C$1.3351, compared to Wednesday’s North American close of US$0.7492 or C$1.3348.

Oil prices rose Thursday, supported by the threat of the United States putting sanctions on OPEC member Venezuela. U.S. West Texas Intermediate crude gained 62 U.S. cents to US$53.24 per barrel. Brent crude futures added 14 U.S. cents to US$61.28 per barrel.

Gold prices steadied Thursday, supported by uncertainties around the U.S. government shutdown. Spot gold was down 0.1 per cent to US$1,280.20 per ounce. U.S. gold futures lost 0.3 per cent to US$1,279.80 per ounce.

In Toronto, the S&P/TSX Composite closed higher Thursday. The S&P/TSX gained 72.45 points, or 0.48 per cent, to 15,280.78.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.06 at $ 16.72
Buhler Industries—————-unchanged at $ 3.66
Linamar Corp.——————–up $ 1.31 at $ 48.84
Maple Leaf Foods—————–up $ 0.26 at $ 29.47
Nutrien Ltd.———————up $ 0.46 at $ 68.05
Ritchie Bros Auctioneers Inc.——dn $ 0.20 at $ 47.92
Rocky Mountain Dealerships Inc.—-up $ 0.12 at $ 8.68
(All figures are in Canadian dollars.)

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