By Commodity News Service Canada
WINNIPEG, November 1 – The Canadian dollar firmed against
its US counterpart in the wake of comments by Bank of Canada
governor Stephen Poloz. The BoC head indicated he wasn’t looking
to hike the central bank’s inflation target because it would be
too costly.
Scotiabank announced it believes the US dollar will drop to
C$1.25 by the end of 2017.
The Canadian dollar closed at C$0.7467 or US$1.3393,
compared to Monday’s close of C$0.7456 or US$1=C$1.3411.
The S&P/TSX Composite Index finished slightly lower
Tuesday, as gains in health-care weren’t enough to shrug off
losses in other sectors.
According to reports, Valeant is looking to sell its
stomach-drug business to a group in Japan for $10 billion.
The index fell 8.95 points, or 0.1%, to close at 14,778.32.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.53 at $ 38.73
Agrium Incorporated———-dn $ 1.93 at $121.21
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.44 at $ 30.99
Potash Corp. of Sask———dn $ 0.37 at $ 21.44
(All figures are in Canadian dollars.)
