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Canadian Financial Close: Dollar rises with the price of gold

Winnipeg, May 16 (CNS Canada), May 16, 2018 (Commodity News Service Canada, Inc. via COMTEX) --

WINNIPEG, May 16 (CNS) - The Canadian dollar rose Wednesday, supported by gains in the price of gold.

The Canadian dollar settled Wednesday at US$0.7807 or C$1.2809, compared to Tuesday's North American close of US$0.7766 or C$1.2876.

Gold prices rebounded Wednesday from a four-and-a-half month low, to settle at US$1,292.19.

Oil prices slipped Wednesday, as a strengthening American dollar overshadowed a United States crude inventory report that showed domestic crude stocks falling more than expected. Brent crude dropped 31 cents to US$77.43 per barrel.

In Toronto, the TSX/S&P Composite rose Wednesday, supported by gains in mining stocks. The TSX/S&P added 10.25 points to settle at 16,108.06.

     Canada's agricultural sector performed as follows:
     AGT Food and Ingredients-----up  $ 0.04    at $ 16.57
     Buhler Industries------------unchanged     at $  3.76
     Maple Leaf Foods-------------up  $ 0.24    at $ 29.50
     Nutrien Ltd.-----------------dn  $ 0.32    at $ 66.18

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Lt Crude 71.67
Nat Gas 2.818
Corn 407
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Gold 1282.6
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Euro 1.17525
USD Index 93.900
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DJIA E-mini 24927