By Commodity News Service Canada
WINNIPEG, January 9 – The Canadian dollar finished relatively unchanged compared to its US counterpart on Monday.
Losses in crude oil were offset by gains in gold, silver and platinum.
Analysts expect activity to be fairly mild between now and the next Bank of Canada meeting on January 18.
The Canadian dollar closed at C$0.7559 or US$1=C$1.3230, compared to Friday’s close of C$0.0.7552 or US$1=C$1.3243.
The S&P/TSX Composite Index suffered losses on Monday following a decline in crude oil futures. The prospect of rising Iraqi crude exports weighed on the market.
Industrials declined by 0.8%. Canadian Pacific also had a tough day dropping 2.2%.
The index declined 107.10 points or 0.7% to 15,388.95.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.50 at $ 35.20
Agrium Incorporated———-dn $ 0.12 at $135.50
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.28 at $ 27.89
Potash Corp. of Sask———up $ 0.05 at $ 24.48
(All figures are in Canadian dollars.)
