Canadian Financial Close: TSX pulls loonie lower

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Published: September 25, 2018

By Commodity News Service Canada

WINNIPEG, Sep. 25 (CNS) – The Canadian dollar closed lower
Tuesday, as losses in the stock market weighed on it.

The Canadian dollar settled Tuesday at US$0.7723 or
C$1.2948, compared to Monday’s North American close of US$0.7731
or C$1.2935.

Oil prices rose Tuesday over global supply concerns after
United States sanctions on Iran’s oil exports. Brent crude
futures gained 67 U.S. cents to US$81.87 per barrel, while U.S.
crude futures added 20 U.S. cents to close at US$72.28 per

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barrel.

Gold prices were up on the upswing Tuesday as the U.S.
dollar weakened ahead of the U.S. Federal Reserve monetary
policy meeting on Wednesday. Spot gold rose 0.2 per cent to
US$1,200.60 per ounce, while U.S. gold futures for December
delivery added 0.1 per cent to US$1,205.10 per ounce.

In Toronto, the S&P/TSX Composite closed lower Tuesday,
falling 47.82 points, or 0.30 per cent, to settle at 16,159.50.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.03 at $ 17.72
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 1.33 at $ 59.16
Maple Leaf Foods—————–dn $ 0.04 at $ 31.85
Nutrien Ltd.———————up $ 1.12 at $ 74.78
Ritchie Bros Auctioneers Inc.—-up $ 0.34 at $ 47.32
Rocky Mountain Dealerships Inc.–unchanged at $ 10.27

(All figures are in Canadian dollars.)

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