By Commodity News Service Canada
WINNIPEG, July 27 – The Canadian dollar was little changed
compared to its US counterpart at close Wednesday. The loonie
was unable to find its footing after the fed decided to keep
short-term interest rates unchanged.
The Canadian dollar closed at US$0.7581 or US$1=C$1.3191,
which compares with Tuesday’s close of US$0.7582, or
US$1=C$1.3189.
It was a mixed day for the S&P/TSX Composite Index as gains
in gold were offset by losses in crude oil.
According to analysts, many investors were hedging their
bets against the chance of a rise in US interest rates.
The index dipped 3.46 points, or 0.02%, to close at
14,546.54.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.33 at $ 32.24
Agrium Incorporated———-dn $ 1.00 at $121.72
Buhler Industries————up $ 0.49 at $ 5.25
Maple Leaf Foods————-dn $ 0.05 at $ 29.24
Potash Corp. of Sask———dn $ 0.33 at $ 22.57
(All figures are in Canadian dollars.)
