By Commodity News Service Canada
WINNIPEG, Dec. 21 – The Canadian dollar rose Wednesday,
supported by gains in the stock market and new data from
Statistics Canada.
The Canadian dollar settled Thursday at US$0.7853 or
C$1.2734, compared to Wednesday’s North America close of
US$0.7787 or C$1.2842.
Higher gasoline prices and increased consumer spending
lifted Canada’s November inflation rate to its highest level
since the start of the year, according to Statistics Canada. The
annual inflation rate increased to 2.1 per cent last month from
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Oil prices were little changed Thursday, erasing earlier
losses after the operator of Britain’s Forties pipeline in the
North Seas said it expected to restart the pipeline in early
January following repairs over Christmas. Brent crude futures
rose 20 cents to US$64.76.
In Toronto, the S&P/TSX Composite Index ended the day
higher boosted by energy companies as well as gains among big
banks and some miners, while BlackBerry Ltd pulled back after
surging on its earnings report. The TSX/S&P rose 22.96 points,
or 0.14 per cent, to 16,182.63.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.32 at $ 20.64
Agrium Incorporated———-up $ 1.68 at $143.14
Buhler Industries————unchanged at $ 4.60
Maple Leaf Foods————-dn $ 0.21 at $ 36.02
(All figures are in Canadian dollars.)
