Canadian Financial Close: Loonie flat at close

By Commodity News Service Canada

WINNIPEG, Jan. 22 – The Canadian dollar was little changed
Monday as gains in oil were offset by losses in the stock
market.

The Canadian dollar settled Monday at US$0.8027 or
C$1.2458, compared to Friday’s North American close of US$0.8026
or C$1.2459.

Oil settled higher Monday following dollar fluctuations and
the restart of some Libyan oil fields which caused the market to
vacillate. Brent crude futures were up 42 cents to US$69.03 per
barrel.

The price of gold closed lower Monday as the U.S. dollar
hovered near three-year lows which was offset by bullishness in
the financial markets caused by the U.S. government shutdown
ending. U.S. gold futures settled down US$1.20 to US$1,331.90
per ounce.

In Toronto, the TSX/S&P Composite Index closed slightly
lower Monday as railroad and materials shares declined,
offsetting gains for the energy group, which was supported by
higher oil prices. The TSX/S&P was down 5.48 points, or 0.03 per
cent, to 16,347.98.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.74 at $ 22.44
Buhler Industries————unchanged at $ 4.33
Maple Leaf Foods————-dn $ 0.33 at $ 35.17
Nutrien Ltd.—————–dn $ 0.15 at $ 66.03

(All figures are in Canadian dollars.)