By Commodity News Service Canada
WINNIPEG, December 7 – The Canadian dollar chalked up gains
against its US counterpart on Wednesday, after the Bank of
Canada decided not to raise the interest rate.
The BoC noted growth in the third quarter was strong but
believed Canada’s Gross Domestic Product would moderate in the
final quarter of the year.
The Canadian dollar closed at C$0.7555 or US$1.3237,
compared to Tuesday’s close of C$0.7528 or US$1=C$1.3284.
The S&P/TSX Composite Index finished higher on Wednesday,
as investors waded into equities. Discretionary firms in the
country rose 2.1% collectively, which sparked advances
elsewhere.
Tech stocks also reaped gains, finishing 2% higher.
The index jumped 111.95 points or 0.7% to 15,237.75.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.63 at $ 34.95
Agrium Incorporated———-up $ 1.53 at $138.80
Buhler Industries————dn $ 0.25 at $ 4.70
Maple Leaf Foods————-up $ 0.10 at $ 28.25
Potash Corp. of Sask———up $ 0.38 at $ 25.08
(All figures are in Canadian dollars.)
