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Canadian Financial Close: Poloz says prime going up next year

By Commodity News Service Canada

WINNIPEG, Dec. 6 (CNS Canada) – The Canadian dollar was
down at market close Thursday.
The dollar closed at US$0.7460 or US$1=C$1.3404, which
compares with Wednesday’s close of US$0.7489 or C$1.3353.
Bank of Canada Governor Stephen Poloz said Thursday the
bank’s prime interest rate remained unchanged at 1.75 per cent
largely because of Alberta’s troubled oil industry. However, he
said interest rates will increase during 2019 because of the
country’s low rate of unemployment, inflation close to being on

target and the country’s economy is operating near capacity.
The S&P/TSX Composite Index closed Thursday at 14,937.00,
down by 245.64 points.
Oil was down Thursday as West Texas Intermediate crude oil
decreased by US$1.19 to close at US$51.70 per barrel.
Gold was up Thursday by 90 cents to US$1,243.30 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———dn $ 0.11 at $ 17.43
Buhler Industries—————-dn $ 0.09 at $ 3.60
Linamar Corp.——————–up $ 0.51 at $ 46.93
Maple Leaf Foods—————–dn $ 0.27 at $ 28.77
Nutrien Ltd.———————dn $ 0.95 at $ 69.06
Ritchie Bros Auctioneers Inc.—-dn $ 0.06 at $ 44.54
Rocky Mountain Dealerships Inc.–dn $ 0.31 at $ 8.65

(All figures are in Canadian dollars.)

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Glacier FarmMedia Feed

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

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