By Commodity News Service Canada
WINNIPEG, February 7 – The Canadian dollar fell against its
US counterpart on Tuesday amid speculation US interest rates
could rise later this year. The speculation drew investors to
the American greenback en masse.
Lower prices for crude oil weighed down the loonie.
The Canadian dollar closed at C$0.7595 or US$1=C$1.3167,
compared to Monday’s close of C$0.7641 or US$1=C$1.3087.
The S&P/TSX Composite Index advanced behind strong showings
by the banking, mining and tech sectors.
Agrium rose 2.6% while Lundin jumped 1.3%.
The index advanced 41.86 points or 0.3% to 15,498.80.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.21 at $ 35.55
Agrium Incorporated———-up $ 3.43 at $137.43
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-dn $ 0.04 at $ 29.83
Potash Corp. of Sask———up $ 0.66 at $ 24.78
(All figures are in Canadian dollars.)
