By Commodity News Service Canada
WINNIPEG, Dec. 20 – The Canadian dollar rose Wednesday,
supported by gains in the price of oil and gold bullion, as well
as the stock market.
The Canadian dollar settled Wednesday at US$0.7787 or
C$1.2842, compared to Tuesday’s North America close of US$0.7760
or C$1.2886.
Gold bullion rose in price Wednesday by 0.45 per cent to
US$1,266.40. Oil rose as well in price supported by the ongoing
North Sea pipeline outage and a larger than expected drop in
United States inventories. Crude oil rose 52 cents, or 0.90 per
cent, to US$58.09.
In Toronto, the S&P/TSX Composite Index ended the day
higher, boosted by a jump in shares of technology company
BlackBerry Ltd after reporting a surprise earnings boost and
gains for natural resource stocks on higher commodity prices.
The TSX/S&P gained 26.32 points, or 0.16 per cent, to 16,159.67.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.23 at $ 20.27
Agrium Incorporated———-up $ 0.73 at $141.61
Buhler Industries————dn $ 0.14 at $ 4.60
Maple Leaf Foods————-dn $ 0.41 at $ 36.27
Potash Corp. of Sask———up $ 0.01 at $ 25.27
(All figures are in Canadian dollars.)
