By Commodity News Service Canada
WINNIPEG, June 23 – The Canadian dollar finished higher against its American counterpart Thursday, as many investors expressed confidence Britain would stay within the European Union.
Strength in oil prices also bolstered the loonie.
The Canadian dollar closed at US$0.7830 or US$1=C$1.2772, which compares with Wednesday’s close of US$0.7789, or US$1=C$1.2772.
The Standard & Poor’s/TSX Composite Index climbed on Thursday, gaining 127.57 points, or 0.91%, to 14,131.38.
Traders bid up energy stocks and financials behind a wave of bullish market sentiment. Gold stocks fell however as many people pulled their money out of safe havens.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.52 at $ 34.75
Agrium Incorporated———-up $ 1.91 at $122.24
Buhler Industries————up $ 0.04 at $ 4.90
Maple Leaf Foods————-up $ 0.42 at $ 27.36
Potash Corp. of Sask———up $ 1.09 at $ 22.28
(All figures are in Canadian dollars.)
