By Commodity News Service Canada
WINNIPEG, Nov. 1 (CNS) – The Canadian dollar closed lower Friday, weighed down by a drop in the price of gold and oil.
The Canadian dollar settled Friday at US$0.7631 or C$1.3105, compared to Thursday’s North American close of US$0.7641 or C$1.3088.
Oil prices fell Friday, as investors worried about oversupply after the United States said it will temporarily spare eight jurisdictions from Iran-related sanctions. Brent crude lost six U.S. cents to settle at US$72.83 per barrel. U.S. West Texas Intermediate crude dropped 55 cents to US$63.14 per barrel.
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Gold prices fell Friday as the U.S. dollar strengthened due to strong U.S. employment data. Spot gold lost 0.1 per cent to US$1,232.02 per ounce. U.S. gold futures fell 0.4 per cent to US$1,233.70 per ounce.
In Toronto, the S&P/TSX Composite closed lower Friday. It lost 30.87 points, or 0.20 percent, to 15,119.28.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.02 at $ 17.57
Buhler Industries—————-dn $ 0.01 at $ 3.86
Linamar Crop.——————–up $ 1.86 at $ 56.39
Maple Leaf Foods—————–dn $ 0.28 at $ 29.50
Nutrien Ltd.———————up $ 0.15 at $ 72.36
Ritchie Bros Auctioneers Inc.——dn $ 0.52 at $ 43.95
Rocky Mountain Dealerships Inc.—-dn $ 0.01 at $ 10.20
(All figures are in Canadian dollars.)
