By Commodity News Service Canada
WINNIPEG, August 2 (CNS) – The Canadian dollar softened
against its U.S. counterpart on Thursday. The loonie was weighed
down by losses in gold, silver and copper.
The currency took some support from gains in crude oil
prices.
Expectations that the Bank of Canada will hike the interest
rate sometime this year also lent strength to the Canadian
dollar.
The loonie finished at US$0.7684 or C$1.3014, compared to
Wednesday’s North American close of US$0.7691 or C$1.3002.
The S&P/TSX Composite Index rose 32.39 points, or 0.20%, to
16,409.16.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.04 at $ 18.30
Buhler Industries————– $ 0.00 at $ 3.60
Maple Leaf Foods————-up $ 0.63 at $ 31.52
Nutrien Ltd.—————–up $ 3.32 at $ 74.32
Rocky Mountain Dealerships—up $ 0.01 at $ 12.00
Linamar Corp—————–dn $ 0.34 at $ 58.06
Ritchie Bros. Auctioneers—-up $ 0.97 at $ 44.11
(All figures are in Canadian dollars.)
