By Commodity News Service Canada
WINNIPEG, March 23 – The Canadian dollar closed slightly
higher Friday, supported by a rise in the price of oil.
The Canadian dollar settled Friday at US$0.7778 or
C$1.2856, compared to Thursday’s North American close of
US$0.7747 or C$1.2908.
Oil prices hit their highest level since late January after
Saudi energy minister said the Organization of Petroleum
Exporting Countries and allied producers would need to keep
coordinating supply cutes into 2019 and as concerns grew over
the future of Iranian crude exports. Brent crude rose 99 cents
to settle US$69.90 per barrel.
In Toronto, the TSX/S&P Composite closed lower Friday, led
by declines for financial and industrial shares, as domestic
data showed hotter-than-expected inflation and fears of a global
trade war gripped investors. The TSX/S&P dropped 176.19 points,
or 1.14 per cent, to 15,223.74.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.20 at $ 15.92
Buhler Industries————unchanged at $ 4.11
Maple Leaf Foods————-dn $ 0.08 at $ 31.05
Nutrien Ltd.—————–dn $ 0.66 at $ 60.50
(All figures are in Canadian dollars.)
