Canadian Financial Close: TSX, Loonie among top performers

By Commodity News Service Canada

WINNIPEG, Jan. 31 (CNS Canada) – The Canadian dollar was up at market close Thursday along with the Toronto Stock Exchange.
The dollar finished the day at US$0.7608 or US$1=C$1.3144, which compares with Wednesday’s close of US$0.7580 or C$1.3292.
The S&P/TSX Composite Index closed Thursday with a gain of 56.05 points to finish at 15,540.60 points.
Due to the Bank of Canada taking a more conciliatory tone in its interest rate policy, the TSX incurred a surge of 8.5 per cent in January and was ranked second among the developed markets, according to media reports. And the Canadian dollar is the best-performing currency among its Group of 10 peers, up by almost four per cent in January.

Read Also

ICE Canola Midday: Finding traction to the downside

By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lower late Friday morning, after…

Oil was down on Thursday as West Texas Intermediate crude oil slipped by 21 cents to close at US$54.02 per barrel.
Gold was up by US$9.60 on Thursday to US$1,325.10 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———dn $ 0.23 at $ 16.38
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–up $ 0.34 at $ 50.94
Maple Leaf Foods—————–dn $ 0.11 at $ 29.26
Nutrien Ltd.———————dn $ 0.33 at $ 68.07
Ritchie Bros Auctioneers Inc.—-dn $ 0.04 at $ 47.23
Rocky Mountain Dealerships Inc.–up $ 0.01 at $ 8.77

(All figures are in Canadian dollars.)