By Commodity News Service Canada
WINNIPEG, Dec. 5 – The Canadian dollar rose Tuesday
supported by an increase in the price of oil.
Oil rose Tuesday, supported by strong demand, expectations
of a drop in the United States crude inventories and an
Organization of Petroleum Exporting Countries led deal to extend
output cuts. Brent crude increased 41 cents, or 0.7 per cent, to
US$62.86 per barrel.
The Canadian dollar settled Tuesday at US$0.7886 or
C$1.2680, compared to Monday’s North America close of US$0.7877
or C$1.2695.
In Toronto, the S&P/TSX Composite Index dropped Tuesday by
49.6, or 0.31 per cent, to 15,919.43.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.07 at $ 19.51
Agrium Incorporated———-dn $ 0.63 at $134.89
Buhler Industries————unchanged at $ 4.60
Maple Leaf Foods————-up $ 0.01 at $ 35.58
Potash Corp. of Sask———dn $ 0.10 at $ 24.07
(All figures are in Canadian dollars.)
