By Commodity News Service Canada
WINNIPEG, January 4 – The Canadian dollar finished higher
against its US counterpart Wednesday. The loonie was bolstered
from higher commodity prices after China decided to adjust its
currency.
Analysts are now keenly watching for jobs data due out
later this week.
The Canadian dollar closed at C$0.7514 or US$1=C$1.3308,
compared to Tuesday’s close of C$0.0.7444 or US$1=C$1.3433.
The S&P/TSX Composite Index jumped as investors flocked
behind mining stocks and the industrials sector.
Both national railroads enjoyed solid days as Canadian
Pacific rose 2.3% while Canadian National gained 1.4%.
Royal Bank of Canada led the banking sector with a rise of
2.4%.
The index advanced 113.72 points or 0.7% to 15,516.75.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.21 at $ 36.26
Agrium Incorporated———-up $ 2.55 at $137.37
Buhler Industries————up $ 0.16 at $ 4.64
Maple Leaf Foods————-dn $ 0.20 at $ 27.80
Potash Corp. of Sask———up $ 0.60 at $ 24.97
(All figures are in Canadian dollars.)
