WINNIPEG–The Canadian dollar rose against its
US counterpart on Friday tracking higher oil prices and
robust labor data.
Canada added 10,000 jobs in November, which exceeded most
estimates made earlier in the week.
The Canadian dollar closed at C$0.7528 or US$1.3283,
compared to Thursday’s close of C$0.7509 or US$1=C$1.3317.
The S&P/TSX Composite Index finished stronger, taking
strength from advances in mining stocks.
It was a bullish day for metals as copper, aluminum and
gold all chalked up gains. Kinross Gold rose 4.5% on the day.
The index climbed 24.99 points or 0.2% to 15,052.52.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.49 at $ 36.35
Agrium Incorporated———-dn $ 1.22 at $133.02
Buhler Industries————– $ 0.00 at $ 5.00
Maple Leaf Foods————-dn $ 0.23 at $ 27.77
Potash Corp. of Sask———dn $ 0.23 at $ 24.00
(All figures are in Canadian dollars.)
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)
