By Commodity News Service Canada
WINNIPEG, May 10 (CNS) – The Canadian dollar continued to
climb against its U.S. counterpart on Thursday, taking strength
from weaker-than-expected U.S. inflation data.
The loonie was bolstered by advances in crude oil, gold and
natural gas.
The Canadian dollar settled Thursday at US$0.7828 or
C$1.2775, compared to Wednesday’s North American close of
US$0.7785 or C$1.2856.
On the markets, a new report from the USDA that called for
lower-than-expected ending stocks of U.S. corn bolstered shares
of tractor companies and fertilizer giants. Pesticide supplier
DuPont also climbed by 2.3 per cent.
The S&P/TSX Composite Index rose 48.69 points, or 0.3%, to
15,959.50, following gains in metals, financials and
mining.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.21 at $ 16.73
Buhler Industries————dn $ 0.10 at $ 3.90
Maple Leaf Foods————-up $ 0.09 at $ 29.14
Nutrien Ltd.—————–up $ 0.42 at $ 62.79
(All figures are in Canadian dollars.)
