By Commodity News Service Canada
WINNIPEG, August 23 – The Canadian dollar rebounded against
its US counterpart Tuesday, as traders in the US went on a
selling binge ahead of the US Federal Reserve Bank of Kansas
City’s annual Economic Policy Symposium at Jackson Hole,
Wyoming. The bank’s chairwoman, Janet Yellen, is set to deliver
a speech on Friday.
The Canadian dollar closed at US$0.7746 or US$1=C$1.2910,
which compares with Monday’s close of US$0.7722, or
US$1=C$1.2950.
The S&P/TSX Composite Index ticked higher with gains in the
financial-service sector. Bank of Montreal led the way with a
2.9% rise following better-than-expected third-quarter earnings.
The index rose 16.58 points, or 0.11%, to close at
14,764.77.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.09 at $ 36.79
Agrium Incorporated———-up $ 0.62 at $118.89
Buhler Industries————– $ 0.00 at $ 4.76
Maple Leaf Foods————-up $ 0.27 at $ 29.21
Potash Corp. of Sask———up $ 0.57 at $ 21.80
(All figures are in Canadian dollars.)
