Canadian Financial Close: C$ takes strength from housing data

By Commodity News Service Canada

WINNIPEG, December 14 (CNS) – The Canadian dollar finished
higher against its U.S. counterpart on Thursday, tracking gains
in crude oil and gold bullion.
The loonie took strength from a favourable housing report.
On a yearly basis Canadian new house prices rose 3.5% in
October. They also moved higher on a monthly basis as well,
jumping by 0.1% compared to September.
The Canadian dollar settled on Thursday at US$0.7809 cents
or C$1.2805, compared to Wednesday’s North American close of
US$0.7781 or C$1.2852.
In Toronto, the S&P/TSX Composite Index fell 120.13
points, or 0.14%, to 16,136.59, pressured by losses in the
energy sector.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.29 at $ 20.15
Agrium Incorporated———-dn $ 1.27 at $142.28
Buhler Industries————– $ 0.00 at $ 4.19
Maple Leaf Foods————-up $ 0.11 at $ 35.96
Potash Corp. of Sask———dn $ 0.20 at $ 25.44

(All figures are in Canadian dollars.)


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