By Commodity News Service Canada
WINNIPEG, December 6 – The Canadian dollar weakened against
its US counterpart on Tuesday, as investors waited on the
sidelines for the release of the Bank of Canada’s decision on
the interest rate.
The BoC is expected to announce on Wednesday whether or not
an adjustment to the rate will be forthcoming.
The Canadian dollar closed at C$0.7528 or US$1.3284,
compared to Tuesday’s close of C$0.7532 or US$1=C$1.3276.
The S&P/TSX Composite Index advanced on Tuesday, as gains
in the banking sector pushed other sectors higher. The TSE’s
financial group reaped gains of 0.7% while the National Bank of
Canada finished 2.3% higher.
On the flip side though, both the mining and energy sector
fell lower in lackluster trade.
The index climbed 30.63 points or 0.2% to 15,125.80.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.07 at $ 34.32
Agrium Incorporated———-up $ 1.18 at $137.27
Buhler Industries————dn $ 0.05 at $ 4.95
Maple Leaf Foods————-up $ 0.13 at $ 28.15
Potash Corp. of Sask———up $ 0.12 at $ 24.70
(All figures are in Canadian dollars.)
