Canadian Financial Close: Dollar, markets up after 2019’s first day of trading

By Commodity News Service Canada

WINNIPEG, Jan. 2 (CNS Canada) – The Canadian dollar was up at market close Wednesday, as trading resumed after the New Year holiday.
The dollar finished the day at US$0.7353 or US$1=C$1.3600, which compares with Monday’s close of US$0.7330 or C$1.3642.
The S&P/TSX Composite Index closed Wednesday at 14,347.16 up by 24.30 points, a gain of 0.17 per cent.
Also finishing Wednesday on the plus side were the Dow Jones which increased by 0.08 per cent, the S&P 500 rose by 0.13 per cent and the NASDAQ grew by 0.46 per cent.

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The market increases came despite a tweet from United States President Donald Trump in which he said the poor December trading was “a little glitch.” Last month was the worst month for trading on the major U.S. stock markets in nine years. However in just over two year since Trump was elected, the S&P 500 increased by 17.3 per cent, the Dow Jones rose by 27.3 per cent, the NASDAQ grew by 32.3 per cent.
Oil was up Wednesday as West Texas Intermediate crude oil rose by 1.17 cents to close at US$46.58 per barrel.
Gold increased Wednesday by US$3.70 to US$1,285.00 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———up $ 0.66 at $ 17.30
Buhler Industries—————-dn $ 0.21 at $ 3.65
Linamar Corp.——————–dn $ 1.44 at $ 43.86
Maple Leaf Foods—————–dn $ 0.04 at $ 27.29
Nutrien Ltd.———————dn $ 1.34 at $ 62.78

Ritchie Bros Auctioneers Inc.—-up $ 0.04 at $ 44.70
Rocky Mountain Dealerships Inc.–up $ 0.04 at $ 8.86

(All figures are in Canadian dollars.)