Canadian Financial Close: Loonie makes slight gains

By Commodity News Service Canada

WINNIPEG, Dec. 11 – The Canadian dollar rose slightly at
close, supported by increases in the price of oil and on the
stock market.

Oil prices rose Monday, overcoming declines early in the
session, after a North Sea pipeline shutdown for repairs and
investors focused on commodities following an explosion in New
York. Brent crude gained US$1.29, to settle at US$64.69 per
barrel.

The Canadian dollar settled Monday at US$0.7780 or
C$1.2854, compared to Friday’s North America close of US$0.7776
or C$1.2860.

In Toronto, the S&P/TSX Composite Index rose 7.44 points,
or 0.05 per cent, to close at 16,103.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.25 at $ 20.53
Agrium Incorporated———-up $ 2.43 at $138.92
Buhler Industries————dn $ 0.41 at $ 4.19
Maple Leaf Foods————-up $ 0.04 at $ 35.60
Potash Corp. of Sask———up $ 0.46 at $ 24.79

(All figures are in Canadian dollars.)

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