Canadian Financial Close: C$ Idles Ahead of Sales Data

Posted

By Commodity News Service Canada


WINNIPEG, May 18 – The Canadian dollar ended relatively

unchanged against its US counterpart on Thursday, as turbulence

in markets around the world caused many traders to step back

from making any major moves.

Traders are now waiting for reports on domestic retail

sales and inflation data. Those are due out Friday.

The Canadian dollar closed at US$0.7347 or C$1.3611,

compared to Wednesday’s close of US$0.7345 or C$1.3614.

The S&P/TSX Composite Index eked out tiny gains Thursday,

tracking advances in the banking and industrial sectors.

However, losses in mining limited the gains.

Air Canada rose 2.7% while WestJet jumped 0.8%.

The index inched higher by 3.52 points, or 0.02%, to

15,277.20.


Canada’s agricultural sector performed as follows:


AGT Food and Ingredients—–dn $ 0.07 at $ 25.26

Agrium Incorporated———-dn $ 0.40 at $120.50

Buhler Industries————dn $ 0.01 at $ 4.40

Maple Leaf Foods————-up $ 0.79 at $ 34.11

Potash Corp. of Sask———dn $ 0.10 at $ 21.62


(All figures are in Canadian dollars.)