By Commodity News Service Canada
WINNIPEG, November 18 – The Canadian dollar suffered a
slight loss against its US counterpart to end the week. Ideas
the US Federal Reserve will hike its benchmark interest rate in
December and overall strength in the American greenback
pressured the loonie.
The Canadian dollar closed at C$0.7400 or US$1.3513,
compared to Thursday’s close of C$0.7404 or US$1=C$1.3506.
The S&P/TSX Composite Index finished higher on Friday due
to renewed optimism over the health of the US economy. Stocks
have been boosted over pledges by President-elect Donald Trump
to hike fiscal spending.
The energy sector recorded a strong day with several firms
posting gains. Encana Corp ended 3.1% stronger, TransAlta Crop
rose 4.9% while Suncor Energy added 1.4%.
The index climbed 37.94 points, or 0.3%, to close at
14,864.03.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.18 at $ 35.51
Agrium Incorporated———-up $ 0.93 at $132.93
Buhler Industries————– $ 0.00 at $ 4.69
Maple Leaf Foods————-up $ 0.68 at $ 28.74
Potash Corp. of Sask———dn $ 0.14 at $ 23.61
(All figures are in Canadian dollars.)
