By Commodity News Service Canada
WINNIPEG, June 30 – The Canadian dollar finished higher
against its American counterpart Thursday due to month-end
rebalancing.
The dollar was initially shaken by Bank of England Governor
Mark Carney’s prediction that Britain’s economy would slow down
in the coming months. But those losses were quickly reversed
once portfolio managers began to adjust their positions in
anticipation of July.
The Canadian dollar closed at US$0.7742 or US$1=C$1.2917,
which compares with Wednesday’s close of US$0.7707, or
US$1=C$1.2975.
The Standard & Poor’s/TSX Composite Index settled higher,
climbing 27.80 points, or 0.20%, to 14,064.54.
Mining companies were the big winners on the day as
concerns over Britain’s decision to exit the EU began to fade.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.17 at $ 35.49
Agrium Incorporated———-up $ 0.87 at $116.89
Buhler Industries————up $ 0.10 at $ 5.00
Maple Leaf Foods————-dn $ 0.11 at $ 27.59
Potash Corp. of Sask———up $ 0.19 at $ 21.00
(All figures are in Canadian dollars.)
