By Commodity News Service Canada
WINNIPEG, July 25 (CNS) – The Canadian dollar gained ground
against its U.S. counterpart on Wednesday, tracking gains in
crude oil prices, natural gas, gold bullion and other precious
metals.
The loonie finished at US$0.7641 or C$1.3088, compared to
Tuesday’s North American close of US$0.7601 or C$1.3156.
It was a tough day for government bonds as the European
Union agreed to concessions over trade tariffs, putting pressure
on Canada’s 10-year Treasury note. Yields, which typically rise
when bond prices fall, neared their highest levels in a month.
The S&P/TSX Composite Index rose 30.63 points, or 0.19%, to
16,420.76.
Higher oil and gold prices helped lift the market, even as
losses in auto parts manufacturers weighed on values.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.38 at $ 13.17
Buhler Industries————– $ 0.00 at $ 3.60
Maple Leaf Foods————-dn $ 0.18 at $ 32.49
Nutrien Ltd.—————–up $ 0.08 at $ 69.07
(All figures are in Canadian dollars.)
