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Canadian Financial Close: Canadian dollar slightly lower

By MarketsFarm

WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar finished the week slightly lower.

The dollar finished the day at US$0.7656 or US$1=C$1.3062, compared to Thursday when it closed at US$0.7666 or US$1=C$1.3045.

Stock markets were stronger, remaining around all-time highs due to reports detailing positive economic data. Easing trade tensions between the United States and China also contributed to the strong performances. Of the 11 market sectors in the S&P 500 Index, nine were higher on the day.

The TSX Composite Index closed higher by 74.25 points at 17,559.02. The S&P 500 gained 12.81 to close at 3,329.62. The Dow Jones was up by 50.46 to finish at 29,348.10. The NASDAQ was up 31.81 to finish at 9,388.94.

Benchmark oil prices bounced back from previous lows due to the generally positive global trade sentiments. Brent crude oil was 37 cents higher, closing at US$64.99 per barrel. West Texas Intermediate (WTI) crude oil was up by 19 cents to close at US$58.71 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 2.79
Linamar Corp. up $ 0.59 at $ 47.99
Maple Leaf Foods dn $ 0.27 at $ 24.78
Nutrien Ltd. dn $ 0.16 at $ 61.22
Ritchie Bros Auctioneers Inc. dn $ 0.11 at $ 57.94
Rocky Mountain Dealerships Inc. dn $ 0.05 at $ 6.90

(All figures are in Canadian dollars.)

END

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Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

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