By Commodity News Service Canada
WINNIPEG, Feb. 19 (CNS Canada) – The Canadian dollar was up at market close on Tuesday along with gains in gold prices and on the Toronto Stock Exchange.
The dollar finished Tuesday at US$0.7554 or US$1=C$1.3238, which compares with Friday’s close of US$0.7538 or C$1.3266. The loonie didn’t trade on Monday as it was a holiday in most provinces.
The S&P/TSX Composite Index was up 99.20 points to finish Tuesday at 15,937.44 points on the strength of gold.
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The stock markets in the United States were up due to mild optimism towards the U.S./China trade talks that resumed today in Washington, D.C., which involved low-level officials. High-level trade talks begin on Thursday.
The Dow Jones was up 8.07 points to close Tuesday at 25,891.02. The NASDAQ gained 14.36 points to end trading at 7,486.77 points. The S&P 500 edged upward 4.16 points reaching 2,779.76 points.
Benchmark oil prices were mixed on Tuesday. West Texas Intermediate (WTI) crude oil was up 50 cents to close at US$56.09 per barrel. But Brent crude oil lost three cents to close at US$66.47 per barrel. The price differential between Western Canadian Select crude oil and WTI increased on Tuesday to US$14.75 per barrel.
Gold leapt US$20.90 on Tuesday to US$1,340.00 per ounce.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients———dn $ 0.01 at $ 17.85
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–up $ 0.36 at $ 50.64
Maple Leaf Foods—————–up $ 0.43 at $ 29.75
Nutrien Ltd.———————dn $ 0.27 at $ 70.49
Ritchie Bros Auctioneers Inc.—-dn $ 0.37 at $ 48.21
Rocky Mountain Dealerships Inc.–up $ 0.05 at $ 8.95
(All figures are in Canadian dollars.)
