By Commodity News Service Canada
WINNIPEG, Aug 17 (CNS) – The Canadian dollar closed higher
Friday, supported by a rise in the price of oil.
The Canadian dollar settled Friday at US$0.7645 or
C$1.3081, compared to Thursday’s North American close of
US$0.7603 or C$1.3152.
Oil prices rose Friday, but declined for the week overall
as worries that oversupply from the trade dispute could weigh on
the United States market. Brent crude futures rose 40 cents, or
0.6 percent, to US$71.83 per barrel. U.S West Texas Intermediate
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Gold recovered from some of its losses Friday, as a
weakening U.S. dollar relieved pressure on it, but it is still
sitting at 19-month lows. Spot gold rose 0.31 percent to
US$1,177.21 per ounce, but was down 2.7 percent this week for
its sixth consecutive weekly loss. U.S. gold futures for
December delivery added 20 cents, or 0.02 percent, to settle at
US$1,184.20 per ounce.
In Toronto, the S&P/TSX Composite closed higher Friday,
rising 98.06 points, or 0.60 per cent, to settle at 16,323.71.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.03 at $ 18.23
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–up $ 0.33 at $ 55.07
Maple Leaf Foods—————–up $ 0.19 at $ 31.29
Nutrien Ltd.———————up $ 0.66 at $ 73.11
Rocky Mountain Dealerships Inc.–dn $ 0.14 at $ 10.32
(All figures are in Canadian dollars.)
