By Commodity News Service Canada
WINNIPEG, January 17 – The Canadian dollar rose against its
US counterpart Tuesday after US President-elect Donald Trump
told the Wall Street Journal the American greenback was “too
strong.”
Investors are keenly waiting for tomorrow’s Bank of Canada
meeting when the issue of whether or not to raise the interest
rate will be addressed.
The Canadian dollar closed at C$0.7658 or US$1=C$1.3058,
compared to Monday’s close of C$0.7658 or US$1=C$1.3058.
The S&P/TSX Composite Index fell on Tuesday, with most of
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Both Canadian Pacific and Canadian National railroads
finished lower at the end of the day. CP dropped 2.2 % while CN
dipped 1.7%.
Most Canadian banks suffered losses on the day including
Scotiabank, which declined by 0.9%, and Toronto-Dominion, which
dropped 0.6%.
On the other side, advances in gold, crude oil and silver
helped limit the losses.
The index fell 37.93 points or 0.3% to 15,441.36.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.44 at $ 36.18
Agrium Incorporated———-dn $ 0.92 at $136.42
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-up $ 0.09 at $ 27.78
Potash Corp. of Sask———dn $ 0.17 at $ 24.52
(All figures are in Canadian dollars.)
