By Commodity News Service Canada
WINNIPEG, January 12 – The Canadian dollar ticked higher
against its US counterpart Thursday, taking strength from gains
in crude oil.
The loonie was also bolstered by gains in the new housing
price index, which rose 0.2% in November.
The Canadian dollar closed at C$0.7615 or US$1=C$1.3132,
compared to Wednesday’s close of C$0.7589 or US$1=C$1.3177.
The S&P/TSX Composite Index faltered on Thursday as
investors booked profits before the weekend. Financial and
energy stocks were among the hardest hit.
US markets will be closed Monday for Martin Luther King Jr.
Day.
The index fell 73.38 points or 0.47% to 15,418.16.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.42 at $ 36.79
Agrium Incorporated———-dn $ 0.18 at $138.49
Buhler Industries————up $ 0.09 at $ 4.80
Maple Leaf Foods————-dn $ 0.15 at $ 27.44
Potash Corp. of Sask———dn $ 0.17 at $ 24.88
(All figures are in Canadian dollars.)
