Canadian Financial Close: Loonie firms ahead of BoC meeting

By Commodity News Service Canada

WINNIPEG, October 17 – The Canadian dollar finished
slightly higher against its US counterpart on Monday. The loonie
remained in a narrow-trading range ahead of Wednesday’s meeting
of the Bank of Canada.
Investors are also keenly waiting for a manufacturing
report due out tomorrow, a report said.
The Canadian dollar closed at C$0.7616 or US$1.3130,
compared to Friday’s close of C$0.7607 or US$1=C$1.3145.
The S&P/TSX Composite Index rose slightly to start the
week, as the materials sector helped offset losses in natural
gas.
The October gold contract on the New York Commodity
Exchange recorded slight gains to finish at US$1,256 an ounce.
The index rose 11.53 points, or 0.08%, to close at
14,596.52.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.23 at $ 38.54
Agrium Incorporated———-dn $ 2.11 at $115.53
Buhler Industries————– $ 0.00 at $ 4.40
Maple Leaf Foods————-up $ 0.15 at $ 30.85
Potash Corp. of Sask———dn $ 0.29 at $ 20.75

(All figures are in Canadian dollars.)

explore

Stories from our other publications