By Commodity News Service Canada
WINNIPEG, Nov. 16 – The Canadian dollar strenghened
Thursday as a surprise 0.5 per cent increase in manufacturing
sales helped push it higher.
Oil prices ended lower again Thursday due to increased
concerns about growth in the United States production and
inventories, despite expectations that major world oil producers
will extend a supply-cut deal later this month. Brent crude
futures settled 51 cents lower at US$61.36 per barrel.
The Canadian dollar settled Thursday at US$0.7846 or
C$1.2745, compared to Wednesday’s North America close of
US$0.7829 or C$1.2773.
In Toronto, the S&P/TSX Composite Index was rose 56.80
points, or 0.36 per cent, to 15,935.37.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.63 at $ 19.43
Agrium Incorporated———-up $ 1.94 at $136.11
Buhler Industries————unchanged at $ 4.45
Maple Leaf Foods————-up $ 0.23 at $ 33.68
Potash Corp. of Sask———up $ 0.24 at $ 24.30
(All figures are in Canadian dollars.)
