By Commodity News Service Canada
WINNIPEG, July 12 (CNS) – The Canadian dollar suffered tiny
losses Thursday in the wake of the Bank of Canada’s decision to
hike the country’s key interest rate. The BoC announced the move
yesterday, which lent some support to the market.
However, international trade tensions continued to cast a
bearish shadow over things. Many countries are fearful of what a
full-blown trade war would mean to their economies.
The loonie took some support from gains in crude oil prices
and gold bullion.
The loonie finished at US$0.7595 or C$1.3166, compared to
Wednesday’s North American close of US$0.7604 or C$1.3151.
The S&P/TSX Composite Index rose 150.10 points, or 0.91%,
to 16,567.42.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.06 at $ 14.78
Buhler Industries————– $ 0.00 at $ 3.63
Maple Leaf Foods————-dn $ 0.24 at $ 34.00
Nutrien Ltd.—————–up $ 0.52 at $ 69.80
(All figures are in Canadian dollars.)
