By Commodity News Service Canada
WINNIPEG, October 24 – The Canadian dollar continued to
drop against its US counterpart on Tuesday, tracking losses in
gold.
The loonie has been pressured by strength in the American
greenback.
Investors were also positioning themselves ahead of a
meeting of the Bank of Canada.
The Canadian dollar settled on Tuesday at US$0.7895 cents
or C$1.6640, compared to Monday’s North American close of
US$0.7909 or C$1.2644.
In Toronto, the S&P/TSX Composite Index rose 49.38 points,
or 0.31% to 15,905.14. The vast majority of the index’s weighted
groups enjoyed broad-based strength to lift the TSX to an all-
time high.
Shares of the Hudson’s Bay Company rose nearly 2% on word
the company had reached a billion dollar deal to sell its Lord &
Taylor Fifth Avenue property in New York.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.04 at $ 20.28
Agrium Incorporated———-up $ 3.84 at $140.14
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-dn $ 0.42 at $ 32.20
Potash Corp. of Sask———up $ 0.63 at $ 25.03
