By Commodity News Service Canada
WINNIPEG, July 10 (CNS) – The Canadian dollar record mild
losses against its U.S. counterpart on Tuesday as traders
adjusted positions ahead of tomorrow’s meeting of the Bank of
Canada.
The BoC is widely expected to hike interest rates, which
will have an impact on the currency going forward.
The loonie took some support from construction data, which
showed that monthly Canadian building permits rose 4.7 per cent
in May.
Gains in crude oil were also supportive for the commodity-
backed currency.
The loonie finished at US$0.7619 or C$1.3125, compared to
Monday’s North American close of US$0.7635 or C$1.3097.
The S&P/TSX Composite Index advanced 96.38 points, or
0.59%, to 16,548.72.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients——- $ 0.00 at $ 14.90
Buhler Industries————– $ 0.00 at $ 3.66
Maple Leaf Foods————-up $ 0.18 at $ 33.44
Nutrien Ltd.—————–up $ 0.91 at $ 71.27
(All figures are in Canadian dollars.)
