By Commodity News Service Canada
WINNIPEG, March 16 – The Canadian dollar dropped against
its US counterpart on Thursday, reflecting losses in crude oil
and natural gas.
Large gains in gold bullion helped limit the losses.
The Canadian dollar closed at C$0.7492 or US$1=C$1.3345,
compared to Wednesday’s close of C$0.7515 or US$1=C$1.3307.
The S&P/TSX Composite Index firmed on Thursday, taking
strength from a robust consumer staples sector.
Canadian grocery-giant Empire Co. jumped 4.5 percent; Sleep
country Canada improved by 1.9 percent while tech giant Rogers
Communications rose 1.5% in high-volume trading.
The index rose 41.50 points, or 0.3%, to 15,562.41.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.33 at $ 32.05
Agrium Incorporated———-up $ 0.33 at $129.17
Buhler Industries————– $ 0.00 at $ 4.55
Maple Leaf Foods————-up $ 0.28 at $ 31.48
Potash Corp. of Sask———up $ 0.05 at $ 23.04
(All figures are in Canadian dollars.)
