By Commodity News Service Canada
WINNIPEG, December 29 – The Canadian dollar ebbed higher
against its US counterpart Thursday, tracking gains in metals.
Losses in crude oil were offset by gains in gold.
The Canadian dollar closed at C$0.7403 or US$1=C$1.3508,
compared to Wednesday’s close of C$0.0.7377 or US$1=C$1.3555.
The S&P/TSX Composite Index rose higher with gold on
Thursday, settling near its highest mark in over a year.
Investors are taking on riskier assets, betting the new US
administration will cut taxes and inject a new economic stimulus
package.
The index advanced 61.02 points or 0.40% to 15,422.12.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.27 at $ 36.47
Agrium Incorporated———-up $ 0.47 at $136.32
Buhler Industries————– $ 0.00 at $ 4.50
Maple Leaf Foods————-up $ 0.34 at $ 28.29
Potash Corp. of Sask———up $ 0.05 at $ 24.59
(All figures are in Canadian dollars.)
