By Commodity News Service Canada
WINNIPEG, August 15 – The Canadian dollar rose against its
US counterpart for the fifth consecutive session on Monday. The
loonie benefited from higher energy prices.
Crude oil jumped 3.2% as speculation grew that a cut in
global production could be on the way.
The Canadian dollar closed at US$0.7742 or US$1=C$1.2917,
which compares with Friday’s close of US$0.7715, or
US$1=C$1.2962.
The S&P/TSX Composite Index advanced behind materials and
health-care.
Coal producer Teck gained 2.1% on the day while
Saskatchewan-based Potash Corp rose 3.2%.
The index ended 29.57 points higher, or 0.20%, to close at
14,777.02.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.39 at $ 36.15
Agrium Incorporated———-up $ 1.93 at $119.44
Buhler Industries————up $ 0.13 at $ 4.90
Maple Leaf Foods————-dn $ 0.13 at $ 28.88
Potash Corp. of Sask———up $ 0.68 at $ 21.70
(All figures are in Canadian dollars.)
