By Commodity News Service Canada
WINNIPEG, November 7 – The Canadian dollar strengthened
against its US counterpart Monday on speculation Hillary Clinton
would win tomorrow’s US election. Analysts said the prospect of
a victory by Clinton lowered fears of trade disruptions with
China.
The Canadian dollar closed at C$0.7478 or US$1.3372,
compared to Friday’s close of C$0.7461 or US$1=C$1.3403.
The S&P/TSX Composite Index posted gains Monday as
investors opted for riskier assets in the belief Clinton would
win tomorrow’s vote.
The energy group saw the biggest bump rising 1.8%.
The index rose 143.20 points, or 1.0%, to close at
14,652.45.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.15 at $ 35.97
Agrium Incorporated———-up $ 3.90 at $123.79
Buhler Industries————– $ 0.00 at $ 4.43
Maple Leaf Foods————-up $ 0.13 at $ 29.80
Potash Corp. of Sask———up $ 0.56 at $ 21.93
(All figures are in Canadian dollars.)
