By Commodity News Service Canada
WINNIPEG, August 22 – The Canadian dollar fell against its
US counterpart Monday, as oil prices slumped following an
increase in the US rig count.
Canadian wholesale trade rose for a third straight month
though, which helped cushion the blow.
The Canadian dollar closed at US$0.7722 or US$1=C$1.2950,
which compares with Friday’s close of US$0.7778, or
US$1=C$1.2857.
The S&P/TSX Composite Index rose taking strength from
advances in health care. Valeant Pharmaceuticals gained 9.7%
after the company hired a new chief financial officer.
Losses in energy and mining limited the gains.
The index climbed 60.73 points, or 0.41%, to close at
14,748.19.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.04 at $ 36.87
Agrium Incorporated———-up $ 1.78 at $118.27
Buhler Industries————– $ 0.00 at $ 4.76
Maple Leaf Foods————-up $ 0.16 at $ 28.94
Potash Corp. of Sask———up $ 0.26 at $ 21.06
(All figures are in Canadian dollars.)
