By Commodity News Service Canada
WINNIPEG, May 16 (CNS) – The Canadian dollar rose
Wednesday, supported by gains in the price of gold.
The Canadian dollar settled Wednesday at US$0.7807 or
C$1.2809, compared to Tuesday’s North American close of
US$0.7766 or C$1.2876.
Gold prices rebounded Wednesday from a four-and-a-half
month low, to settle at US$1,292.19.
Oil prices slipped Wednesday, as a strengthening American
dollar overshadowed a United States crude inventory report that
showed domestic crude stocks falling more than expected. Brent
crude dropped 31 cents to US$77.43 per barrel.
In Toronto, the TSX/S&P Composite rose Wednesday, supported
by gains in mining stocks. The TSX/S&P added 10.25 points to
settle at 16,108.06.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.04 at $ 16.57
Buhler Industries————unchanged at $ 3.76
Maple Leaf Foods————-up $ 0.24 at $ 29.50
Nutrien Ltd.—————–dn $ 0.32 at $ 66.18
(All figures are in Canadian dollars.)
