By Commodity News Service Canada
WINNIPEG, August 4 – The Canadian dollar recorded gains
against its US counterpart Thursday, following a 2.5% spike in
oil prices. New data from the US government showed a startling
drop in gas inventories which boosted the market for crude.
The Canadian dollar closed at US$0.7679 or US$1=C$1.3022,
which compares with Wednesday’s close of US$0.7651, or
US$1=C$1.3071.
The S&P/TSX Composite Index advanced slightly on Thursday
with most of the benefits falling to energy companies.
Suncor rose 0.5% on the day.
The financial group recorded losses however after
Manulife’s second-quarter results were lower than expected.
The index rose 16.73 points, or 0.12%, to close at
14,528.78.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients——- $ 0.00 at $ 33.77
Agrium Incorporated———-dn $ 1.07 at $116.52
Buhler Industries————– $ 0.00 at $ 4.77
Maple Leaf Foods————-dn $ 0.36 at $ 29.20
Potash Corp. of Sask———dn $ 0.39 at $ 20.28
(All figures are in Canadian dollars.)
