Canadian Financial Close: Canadian dollar steady into the weekend

By MarketsFarm

WINNIPEG, Dec. 13 (MarketsFarm) – The Canadian dollar finished the week steady, as a signed trade deal between the United States and China briefly shook financial markets.

The dollar finished the day at US$0.7586 or US$1=C$1.3182, compared to Thursday when it closed at US$0.7586 or US$1=C$1.3182.

Stock markets finished mostly in the green after swinging between gains and losses for most of the day. Though the trade deal was signed, a lack of substantive details regarding the deal injected a level of uncertainty into markets.

The TSX Composite Index closed higher by 56.23 points at 17,003.13. The S&P 500 gained 0.31 to close at 3,169.03. The Dow Jones was up by 7.54 to finish at 28,140.41. The NASDAQ was up 18.08 to finish at 8,735.47.

Benchmark oil prices were also higher due to the deal. Brent crude oil was 71 cents higher, closing at US$64.91 per barrel. West Texas Intermediate (WTI) crude oil was up by 60 cents to close at US$59.78 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 3.60
Linamar Corp. dn $ 0.56 at $ 47.68
Maple Leaf Foods up $ 0.23 at $ 25.51
Nutrien Ltd. up $ 1.09 at $ 62.81
Ritchie Bros Auctioneers Inc. dn $ 0.24 at $ 56.66
Rocky Mountain Dealerships Inc. up $ 0.01 at $ 6.30

(All figures are in Canadian dollars.)

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