Glacier FarmMedia COVID-19 & the Farm

Canadian Financial Close: TSX pulls loonie down

By Commodity News Service Canada

WINNIPEG, Dec. 14 (CNS) – The Canadian dollar was weaker at market close, weighed on by a drop in the stock market.

The Canadian dollar settled Friday at US$0.7474 or C$1.3379, compared to Thursday’s North American close of US$0.7486 or C$1.3359.

Oil prices fell Friday, weighed down by falling United States stock markets. U.S. West Texas Intermediate lost US$1.38 to US$51.20 per barrel. Brent crude futures dropped US$1.17 to US$60.28 per barrel.

Gold prices fell Friday, as the American dollar strengthened from strong U.S. economic data. Spot gold lost 0.4 per cent to US$1,237.60 per ounce. U.S. gold futures fell 0.5 per cent to US$1,241.40 per ounce.

In Toronto, the S&P/TSX Composite was weaker at market close, following the lead of U.S. stocks which dropped. The S&P/TSX lost 155.28 points, or 1.05 per cent, to 14,595.07.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.15 at $ 16.85
Buhler Industries—————-unchanged at $ 3.60
Linamar Corp.——————–up $ 0.24 at $ 45.23
Maple Leaf Foods—————–dn $ 0.77 at $ 27.75
Nutrien Ltd.———————up $ 0.09 at $ 62.87
Ritchie Bros Auctioneers Inc.——dn $ 0.32 at $ 42.97
Rocky Mountain Dealerships Inc.—-dn $ 0.24 at $ 8.25

(All figures are in Canadian dollars.)

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