By Commodity News Service Canada
WINNIPEG, October 18 – The Canadian dollar finished
slightly higher against its US counterpart on Tuesday. The
loonie gained ground with the support of higher oil, gold and
natural gas prices just one day before a key meeting of the Bank
of Canada. The BoC will be looking at a slate of recent
domestic-growth figures that have been disappointing on multiple
fronts.
The Canadian dollar closed at C$0.7623 or US$1.3119,
compared to Monday’s close of C$0.7616 or US$1=C$1.3130.
The S&P/TSX Composite Index jumped Tuesday, as the
materials group led a charge across many sectors of the
financial sector.
Encana, Barrick Gold, Kinross and First Quantum also
improved noticeably on the day.
Some losses were reported however in the auto sector.
The index rose 155.73 points, or 1.1%, to close at
14,752.25.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.45 at $ 38.99
Agrium Incorporated———-up $ 2.50 at $118.03
Buhler Industries————– $ 0.00 at $ 4.40
Maple Leaf Foods————-up $ 0.41 at $ 31.26
Potash Corp. of Sask———up $ 0.37 at $ 21.12
(All figures are in Canadian dollars.)
