By Commodity News Service Canada
WINNIPEG, June 17 – The Canadian dollar rose against its
American counterpart Friday as stronger oil prices pointed the
way forward.
Investors were generally reassured after new polls emerged
indicating voters in the United Kingdom would likely choose to
remain with the European Union.
The Canadian dollar closed at US$0.7765 or US$1=C$1.2878,
which compares with Thursday’s close of US$0.7715, or
US$1=C$1.2961.
The Standard & Poor’s/TSX Composite Index climbed 19.36
points, or 0.14%, to 13,901.77 on Friday, as Canada’s energy
market welcomed the news Britain would likely remain with the
EU.
Most analysts feel a departure or so-called “Brexit” would
have an extremely volatile effect on world markets.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.47 at $ 34.14
Agrium Incorporated———-up $ 0.70 at $120.84
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.63 at $ 27.47
Potash Corp. of Sask———up $ 0.37 at $ 21.82
(All figures are in Canadian dollars.)
