By Commodity News Service Canada
WINNIPEG, July 9 (CNS) – The Canadian dollar ended
relatively unchanged against its U.S. counterpart on Monday as
traders were reluctant to make any major moves ahead of
Wednesday’s meeting by 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 continued to enjoy support from Friday’s
domestic job report, which found nearly 32,000 jobs were created
in June.
The loonie finished at US$0.7635 or C$1.3097, compared to
Thursday’s North American close of US$0.7631 or C$1.3105.
The S&P/TSX Composite Index advanced 80.56 points, or
0.49%, to 16,452.34. The market enjoyed some support from the
energy sector and metals.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.05 at $ 14.90
Buhler Industries————– $ 0.00 at $ 3.66
Maple Leaf Foods————-dn $ 0.09 at $ 33.26
Nutrien Ltd.—————–dn $ 0.42 at $ 70.36
(All figures are in Canadian dollars.)
