By Commodity News Service Canada
WINNIPEG, February 23 (CNS) – The Canadian dollar rose
against its U.S. counterpart on Friday, buoyed by rising crude
oil prices.
There is speculation the American greenback may start to
weaken in the near-future due to rising debt levels.
A new report from Scotiabank suggests car and truck sales
across Canada will drop over last year’s figures.
The Canadian dollar settled on Friday at US$0.7894 cents or
C$1.2668, compared to Thursday’s North American close of
US$0.7868 or C$1.2709.
The S&P/TSX Composite Index sank 130.28 points or 0.84 per
cent to 15,638.45.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.35 at $ 19.50
Buhler Industries————– $ 0.00 at $ 4.07
Maple Leaf Foods————-dn $ 0.57 at $ 32.09
Nutrien Ltd.—————–up $ 3.30 at $ 63.80
(All figures are in Canadian dollars.)
