By Commodity News Service Canada
WINNIPEG, August 10 – The Canadian dollar advanced against
its US counterpart on Wednesday, taking strength from
inflationary issues in the US. There are ideas the US central
bank may put off a proposed interest rate-hike longer than
expected.
The Canadian dollar closed at US$0.7655 or US$1=C$1.3064,
which compares with Tuesday’s close of US$0.7620, or
US$1=C$1.3123.
The S&P/TSX Composite Index dipped on weak oil prices.
The energy sector led the way as Cenovus Energy declined 3%
while Gran Terra Energy fell 5.2%.
The index lost 26.19 points, or 0.18%, to close at
14,775.04.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.31 at $ 35.41
Agrium Incorporated———-dn $ 0.49 at $120.21
Buhler Industries————– $ 0.00 at $ 4.77
Maple Leaf Foods————-dn $ 0.01 at $ 29.18
Potash Corp. of Sask———dn $ 0.13 at $ 21.52
(All figures are in Canadian dollars.)
