By Commodity News Service Canada
WINNIPEG, Dec. 27 – The Canadian dollar closed higher
Wednesday as gains in the stock market and price of gold
supported it.
The Canadian dollar settled Wednesday at US$0.7911 or C$
1.2641, compared to Friday’s North America close of US$0.7838 or
C$1.2759.
Potash Corporation of Saskatchewan Inc. and Agrium Inc.
have received the final regulatory approval needed from the
United States Federal Trade Commission Wednesday to merge,
paving the way for the deal to close as of Jan 1 to create
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Exchange and the New York Stock Exchange under the ticker symbol
“NTR” at market open Jan. 2.
Oil prices fell slightly Wednesday after hitting a two-and-
half year high Tuesday. Analysts said the rally was gradually
running out of steam despite supply outages in Libya and the
North Sea. Brent crude futures fell 36 cents to US$59.61.
Gold bullion rose in trade Wednesday by US$4.59 to
US$1,292.00.
In Toronto, the S&P/TSX Composite Index hit a record high
Wednesday as a recent rally in commodity prices boosted the
energy and materials sectors, while healthcare gained more than
six per cent as shares of marijuana companies jumped. The
S&P/TSX closed 37.86 points higher, or 0.23 per cent, to
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.42 at $ 20.44
Agrium Incorporated———-up $ 1.96 at $145.65
Buhler Industries————unchanged at $ 4.60
Maple Leaf Foods————-dn $ 0.06 at $ 35.79
Potash Corp. of Sask———up $ 0.32 at $ 25.96
(All figures are in Canadian dollars.)
