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Canadian Financial Close: Dollar sees slight increase

Published: October 12, 2018

By Commodity News Service Canada

WINNIPEG, Oct. 12 (CNS) – The Canadian dollar closed
slightly higher Friday, as global equity markets rebounded.

The Canadian dollar settled Friday at US$0.7674 or
C$1.3031, compared to Thursday’s North American close of
US$0.7670 or C$1.3038.

Oil prices were lower Friday after the International Energy
Agency said that supply was adequate and the demand outlook was
lower. United States West Texas Intermediate crude lost two U.S.
cents to US$70.95 per barrel, while Brent crude dropped 56 U.S.

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cents to US$79.70 per barrel.

Gold prices fell Friday as global equity markets rebounded.
Spot gold lost 0.5 per cent to US$1,217.81 per ounce, while U.S.
gold futures for December delivery dropped 0.46 per cent to
US$1,222 per ounce.

In Toronto, the S&P/TSX Composite closed higher Friday,
rising 118.36 points, or 0.77 per cent, to settle at 15,435.49.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———unchanged at $ 17.75
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 1.23 at $ 53.74
Maple Leaf Foods—————–up $ 0.13 at $ 31.96
Nutrien Ltd.———————up $ 0.05 at $ 70.48
Ritchie Bros Auctioneers Inc.—-dn $ 0.16 at $ 43.23
Rocky Mountain Dealerships Inc.–dn $ 0.09 at $ 9.88

(All figures are in Canadian dollars.)

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