By Commodity News Service Canada
WINNIPEG, June 6 – The Canadian dollar rallied against its
American counterpart Monday after comments by the chairwoman of
the US Federal Reserve weighed down the US dollar.
Janet Yellen said last week’s disappointing US job numbers
report had raised questions about the country’s economic outlook.
The Canadian dollar closed at US$0.7808 or US$1=C$1.2807,
which compares with Friday’s close of US$0.7726, or
US$1=C$1.2943.
The Standard & Poor’s/TSX Composite Index climbed Monday,
following a rise in crude oil prices.
Concerns about potential supply problems in Nigeria buoyed
the energy sector. Toronto’s energy group rose 1.8% while the
materials sector also lifted 0.75%.
The S&P/TSX Composite index advanced 49.38 points, or 0.35%,
to 14,276.16.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.71 at $ 37.24
Agrium Incorporated———-up $ 1.87 at $120.84
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.49 at $ 28.91
Potash Corp. of Sask———up $ 1.34 at $ 23.05
(All figures are in Canadian dollars.)
