By Commodity News Service Canada
WINNIPEG, July 17 – The Canadian dollar ended relatively unchanged on Monday, maintaining the highest point it’s had against its US counterpart in nearly 14 months.
Gains in gold bullion offset losses in crude oil.
Demand for the loonie remains solid though due to the Bank of Canada’s recent decision to hike the interest rate.
Strong purchases of Canadian bonds pushed the domestic securities sector to its second-highest showing ever for the month of May.
The Canadian dollar ended Monday at US$0.7893 cents or C$1.2669, compared to Friday’s close of US$0.7891 or C$1.2672.
In Toronto, the S&P/TSX Composite Index dipped 9.45 points, or 0.06%, to 15,165.36.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.41 at $ 24.93
Agrium Incorporated———-up $ 0.28 at $124.97
Buhler Industries————– $ 0.00 at $ 4.23
Maple Leaf Foods————-dn $ 0.01 at $ 32.79
Potash Corp. of Sask———up $ 0.07 at $ 22.48
(All figures are in Canadian dollars.)
