By Commodity News Service Canada
WINNIPEG, July 6 (CNS) – The Canadian dollar eked out
modest gains against its U.S. counterpart to end the week as
gains in crude oil were bullish for the loonie.
As well, better-than-expected domestic labour data helped
prop up the Canadian currency.
On the other side, losses in gold and a widening of the
country’s trade deficit were bearish.
Canadian bonds rose with the jobs data. The country’s 10-
year note was recently at 2.126 per cent compared to 2.148 per
cent on Thursday.
The loonie finished at US$0.7631 or C$1.3105, compared to
Thursday’s North American close of US$0.7617 or C$1.3129.
The S&P/TSX Composite Index advanced 105.17 points, or
0.65%, to 16,371.78, taking strength from gains in the telecom
industry.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.05 at $ 14.95
Buhler Industries————– $ 0.00 at $ 3.66
Maple Leaf Foods————-up $ 0.10 at $ 33.35
Nutrien Ltd.—————–up $ 0.48 at $ 70.78
(All figures are in Canadian dollars.)
