Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Canadian Financial Close: Loonie closes lower after wild stock market week

WINNIPEG, MB, Feb. 9, 2018 (CNS Canada), Feb 09, 2018 (Commodity News Service Canada, Inc. via COMTEX) --

WINNIPEG, Feb. 9 - The Canadian dollar ended the week down as the price of oil continued to slip and the stock market remained volatile.

The Canadian dollar settled Friday at US$0.7931 or C$1.2609, compared to Thursday's North American close of at US$0.7946 or C$1.2585.

Oil prices slipped below US$60 per barrel for the first time since December on renewed concerns about rising crude supplies. Brent crude dropped nearly nine per cent this week to settle at US$62.79 per barrel, while U.S. West Intermediate crude fell 10 per cent to US$59.20 per barrel.

Wall Street managed to hold modest gains Friday in another volatile session during a week which saw huge swings shaking the market out of months of calm. On Friday alone the S&P500 swung from as high as 1.5 per cent above to 1.9 per cent below, while the Dow Jones Industrial Average moved in a range of more than 800 points.

In Toronto, the TSX/S&P Composite fell Friday, closing at its lowest level in five months reflecting weakness in mining stocks as gold futures and copper prices declined. The TSX/S&P dropped 31.08 points, or 0.21 per cent, to 15,034.53.

     Canada's agricultural sector performed as follows:
     AGT Food and Ingredients-----up  $ 0.31    at $ 20.30
     Buhler Industries------------unchanged     at $  4.15
     Maple Leaf Foods-------------up  $ 0.12    at $ 33.91
     Nutrien Ltd.-----------------dn  $ 0.79    at $ 56.05

Commodity News Service Canada

Copyright 2018 Commodity News Service Canada, Inc.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 61.46
Nat Gas 2.668
Corn 367
Cotton #2 79.73
Gold 1332.9
Copper 3.1860
Euro 1.23420
USD Index 89.780
SP500 E-mini 2726.25
DJIA E-mini 25013
close_icon
open_icon