By Commodity News Service Canada
WINNIPEG, August 11 – The Canadian dollar rose against its
US counterpart on Thursday, taking strength from higher oil
prices. The trading range for major currencies is generally
considered to be moderate right now though due to global market
conditions.
The Canadian dollar closed at US$0.7704 or US$1=C$1.2980,
which compares with Wednesday’s close of US$0.7655, or
US$1=C$1.3064.
The S&P/TSX Composite Index ticked higher with resource
companies. Encana climbed 5.6% while Cenovus Energy finished
2.2% higher.
Toronto’s energy group, as a whole, advanced 1.2%.
The index ended 21.02 points higher, or 0.14%, to close at
14,796.06.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 2.31 at $ 37.72
Agrium Incorporated———-dn $ 0.16 at $120.05
Buhler Industries————– $ 0.00 at $ 4.77
Maple Leaf Foods————-dn $ 0.13 at $ 29.05
Potash Corp. of Sask———dn $ 0.05 at $ 21.47
(All figures are in Canadian dollars.)
