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Canadian Financial Close: Loonie falls slightly

By Commodity News Service Canada

WINNIPEG, Sept. 5 (CNS) – The Canadian dollar closed
slightly lower Wednesday, pressured by a drop in the price of
oil and the stock market.

The Canadian dollar settled Wednesday at US$0.7584 or
C$1.3185, compared to Tuesday’s North American close of
US$0.7586 or C$1.3182.

Oil prices dropped Thursday after Tropical Storm Gordon
weakened and moved away from oil-producing areas. However
concerns about global trade disputes and Turkey’s currency
crisis weighed on oil. Brent crude futures lost 1.15 per cent to

US$77.27 per barrel. U.S West Texas Intermediate crude was down
1.65 per cent to US$68.72 per barrel.

Gold prices rose Wednesday, as the United States dollar was
down. Spot gold added 0.5 per cent to US$1,196.40 per ounce,
while U.S. gold futures for December delivery gained 0.2 per
cent to US$1,201.320 per ounce.

In Toronto, the S&P/TSX Composite closed lower Wednesday,
falling 23.73 points, or 0.15 per cent, to settle at 16,137.57.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———up $ 0.11 at $ 18.44
Buhler Industries—————-unchanged at $ 3.54
Linamar Crop.——————–dn $ 1.13 at $ 54.88
Maple Leaf Foods—————–dn $ 0.06 at $ 31.10
Nutrien Ltd.———————dn $ 0.64 at $ 72.27
Ritchie Bros Auctioneers Inc.—-dn $ 0.50 at $ 49.92
Rocky Mountain Dealerships Inc.–up $ 0.41 at $ 10.45

(All figures are in Canadian dollars.)

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