By Commodity News Service Canada
WINNIPEG, Sept. 21 (CNS) – The Canadian dollar softened
against its American counterpart on Friday.
The loonie was beaten back by strength in the U.S. currency
and weakness in gold issues. Gains in crude oil prices and
natural gas were supportive for the commodity-backed currency.
Strong inflation numbers lent strength to the loonie as it
sparked ideas the Bank of Canada could raise interest rates.
The loonie finished at US$0.7742 or C$1.2916, compared to
Thursday’s North American close of US$0.7749 or C$1.2905.
The S&P/TSX Composite Index rose 10.25 points, or 0.06%, to
16,225.00.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.12 at $ 17.86
Buhler Industries————– $ 0.00 at $ 3.60
Maple Leaf Foods————-up $ 0.32 at $ 31.81
Nutrien Ltd.—————–dn $ 0.80 at $ 73.84
Rocky Mountain Dealerships—dn $ 0.03 at $ 10.30
Linamar Corp—————–dn $ 0.66 at $ 61.41
Ritchie Bros. Auctioneers—-dn $ 0.85 at $ 47.36
(All figures are in Canadian dollars.)
