Canadian Financial Close: Loonie down with gold and oil

By Commodity News Service Canada

WINNIPEG, Jan. 10 (CNS) – The Canadian dollar was weaker at market close, dragged down by a slight drop in the price of oil and gold.

The Canadian dollar settled Thursday at US$0.7556 or C$1.3234, compared to Wednesday’s North American close of US$0.7564 or C$1.3221.

Oil prices eased Thursday, as optimism about United States and China trade weakened. U.S. West Texas Intermediate lost nine U.S. cents to US$52.27 per barrel. Brent crude futures fell 23 U.S. cents to US$61.21 per barrel.

Gold prices were down Thursday. Spot gold lost 0.4 per cent to US$1,288.28 per ounce. While U.S. gold futures settled down 0.4 per cent to US$1287.40 per ounce.

In Toronto, the S&P/TSX Composite closed higher Thursday. The S&P/TSX gained 98.76 points, 0.67 per cent, to 14,903.49.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———unchanged at $ 16.92
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–up $ 0.83 at $ 48.85
Maple Leaf Foods—————–dn $ 0.19 at $ 28.56
Nutrien Ltd.———————up $ 1.03 at $ 66.28
Ritchie Bros Auctioneers Inc.——up $ 0.43 at $ 46.18
Rocky Mountain Dealerships Inc.—-dn $ 0.09 at $ 9.00
(All figures are in Canadian dollars.)

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