By Commodity News Service Canada
WINNIPEG, Aug 16 (CNS) – The Canadian dollar closed lower
Thursday, as concerns about the future of Keystone XL crude oil
pipeline weighed on it.
The Canadian dollar settled Tuesday at US$0.7603 or
C$1.3152, compared to Wednesday’s North American close of
US$0.7612 or C$1.3138.
A United States federal judge in Montana ordered the U.S.
State Department to do a full environmental review of a revised
route for the Keystone XL crude oil pipeline, a move which could
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Canadian Financial Close: Loonie up as U.S. markets tumble
Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed…
Oil prices recovered Thursday, but a weakening outlook for
crude demand tempered gains. Brent crude futures rose 0.83 per
cent to US$$71.35 per barrel. U.S West Texas Intermediate crude
added 0.65 per cent to settle at US$65.43 per barrel.
In Toronto, the S&P/TSX Composite closed higher Thursday,
rising 77.15 points, or 0.48 per cent, to settle at 16,225.65.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.12 at $ 18.20
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 0.04 at $ 54.74
Maple Leaf Foods—————–up $ 0.43 at $ 31.10
Nutrien Ltd.———————up $ 0.16 at $ 72.45
Ritchie Bros Auctioneers Inc.—-up $ 0.42 at $ 49.87
Rocky Mountain Dealerships Inc.–up $ 0.12 at $ 10.46
(All figures are in Canadian dollars.)
