By Commodity News Service Canada
WINNIPEG, August 27 (CNS) – The Canadian dollar rose in
value against its American counterpart on Monday, supported by
news of a trade agreement between Mexico and the United States.
Gains in crude oil and gold bullion added to the upside.
The loonie finished at US$0.7701 or C$1.2986, compared to
Friday’s North American close of US$0.7671 or C$1.3036.
The S&P/TSX Composite Index jumped 88.34 points, or 0.54%,
to 16,444.39. The TSX took strength from ideas that the current
trade friction between Canada and the U.S. could ease. However,
there are those who speculate Canada could be in a tougher
position to negotiate because Mexico and the U.S. are already
rewriting portions of the North American Free Trade Agreement.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.39 at $ 18.31
Buhler Industries————– $ 0.00 at $ 3.60
Maple Leaf Foods————-up $ 0.14 at $ 31.51
Nutrien Ltd.—————–up $ 0.86 at $ 72.81
Rocky Mountain Dealerships—up $ 0.09 at $ 10.30
Linamar Corp—————–up $ 3.44 at $ 55.83
Ritchie Bros. Auctioneers—-dn $ 0.06 at $ 49.70
(All figures are in Canadian dollars.)
