Canadian Financial Close: C$ rises with crude oil

By Commodity News Service Canada

WINNIPEG, November 22 – The Canadian dollar strengthened
against its U.S. counterpart on Wednesday.
The loonie took strength from advances in gold issues,
crude oil and copper. It was the highest value for the loonie in
over a week.
As well, minutes from a recent meeting of the U.S. Federal
Reserve were bearish for the U.S. dollar, as they lowered
expectations that an adjustment to the interest rate is coming
The Canadian dollar settled on Wednesday at US$0.7856 cents
or C$1.2729, compared to Tuesday’s North American close of
US$0.7826 or C$1.2778.
In Toronto, the S&P/TSX Composite Index slipped 3.07
points, or 0.02% to 16,073.58.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.11 at $ 19.78
Agrium Incorporated———-dn $ 0.29 at $138.02
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.01 at $ 33.90
Potash Corp. of Sask———dn $ 0.02 at $ 24.67

(All figures are in Canadian dollars.)


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