By Commodity News Service Canada
WINNIPEG, December 12 (CNS) – The Canadian dollar softened
against its counterpart on Tuesday, weighed down by losses in
crude oil and gold bullion.
The loonie fell to its lowest point in over a week as
traders prepared for an expected interest rate hike by the U.S.
Federal Reserve.
The Canadian dollar settled on Tuesday at US$0.7769 cents
or C$1.2871, compared to Monday’s North American close of
US$0.7780 or C$1.2854.
Shares of a major Canadian agricultural company rose by
nearly three per cent today. Agrium Inc. has reached a deal to
buy a rival fertilizer business from Australia. Macrofertil owns
six fertilizer storage and distribution assets and does roughly
AUD$120 million in annual sales. Terms of the agreement were not
released.
In Toronto, the S&P/TSX Composite Index rose 10.52 points,
or 0.07%, to 16,114.03.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.17 at $ 20.39
Agrium Incorporated———-up $ 4.01 at $142.85
Buhler Industries————– $ 0.00 at $ 4.19
Maple Leaf Foods————-up $ 0.20 at $ 35.78
Potash Corp. of Sask———up $ 0.70 at $ 25.48
(All figures are in Canadian dollars.)
