By Commodity News Service Canada
WINNIPEG, January 4 (CNS) – The Canadian dollar moved
higher against its U.S. counterpart on Thursday, taking support
from gains in crude oil prices. Advances in gold and silver were
also bullish for the commodity-backed currency.
The loonie was also lifted by a report that found domestic
producer prices rose 1.4 per cent in November. That was the
fastest pace in nearly three years.
The Canadian dollar settled on Thursday at US$0.7990 cents
or C$1.2515, compared to Wednesday’s North American close of
US$0.7979 or C$1.2533.
The S&P/TSX composite index rose 41.39 points or 0.25
percent to 16,412.94.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.43 at $ 21.98
Buhler Industries————up $ 0.15 at $ 4.50
Maple Leaf Foods————-dn $ 0.06 at $ 35.30
Nutrien Ltd.——————- $ 0.00 at $ 69.55
(All figures are in Canadian dollars.)
