Canadian Financial Close: Poloz keeps prime rate at 1.75

By Commodity News Service Canada

WINNIPEG, Dec. 5 (CNS Canada) – The Canadian dollar was
down at market close Wednesday due to the Bank of Canada’s
decision not to change its prime interest rate.
The dollar closed at US$0.7489 or US$1=C$1.3353, which
compares with Tuesday’s close of US$0.7565 or C$1.3219.
The Bank of Canada is keeping its benchmark interest at
1.75 per cent. Steven Poloz, the bank’s governor, made the
announcement this morning. The main reason for leaving the prime

rate unchanged being Canada’s economy having more capacity to
grow without fueling inflation.
The S&P/TSX Composite Index closed Wednesday at 15,182.64,
up by 119.05 points.
Markets in the United States were closed today for the
state funeral of former President George H.W. Bush.
Oil was down Wednesday as West Texas Intermediate crude oil
decreased by 20 cents to close at US$53.05 per barrel.
Gold was down Wednesday by US$4.80 to US$1,238.50 per
ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———up $ 0.09 at $ 17.54
Buhler Industries—————-unchanged at $ 3.69
Linamar Corp.——————–dn $ 0.74 at $ 46.42
Maple Leaf Foods—————–up $ 0.15 at $ 29.04
Nutrien Ltd.———————up $ 2.16 at $ 70.01
Ritchie Bros Auctioneers Inc.—-up $ 0.27 at $ 44.60
Rocky Mountain Dealerships Inc.–dn $ 0.02 at $ 8.96

(All figures are in Canadian dollars.)

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