By Commodity News Service Canada
WINNIPEG, June 13 (CNS) – The Canadian dollar rose higher
Wednesday, supported by an increase in the price of oil.
The Canadian dollar settled Wednesday at US$0.7699 or
C$1.2988, compared to Tuesday’s North American close of
US$0.7690 or C$1.3004.
Oil prices rose Wednesday, following a bigger-than-expected
decline in U.S. crude inventories along with surprise drawdowns
in gasoline and distillates. Brent crude added 86 cents to
settle at US$76.74 per barrel.
In Toronto, the TSX/S&P Composite fell Wednesday, weighted
by a drop in Suncor Energy shares. The TSX/S&P dropped 23.16
points, or 0.14 percent, to 16,265.82.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.15 at $ 15.50
Buhler Industries————unchanged at $ 3.88
Maple Leaf Foods————-dn $ 0.22 at $ 30.93
Nutrien Ltd.—————–up $ 0.94 at $ 69.54
(All figures are in Canadian dollars.)
