By Commodity News Service Canada
WINNIPEG, January 19 – The Canadian dollar corrected higher
against its US counterpart Thursday, taking strength from gains
in crude oil.
Investors are keenly watching for the release of inflation
data and retail-sales information on Friday. The looming
inauguration of US President-elect Donald Trump is also an event
some analysts believe could bump the loonie.
The Canadian dollar closed at C$0.7511 or US$1=C$1.3314,
compared to Wednesday’s close of C$0.7542 or US$1=C$1.3259.
The S&P/TSX Composite Index ticked higher on Thursday, as
gains in railroads offset declines in other sectors.
Canadian Pacific rose 4% while Bombardier advanced 1.1%.
The heavily-weighted tech sector dipped 0.8%.
Losses in gold, silver and copper also limited the gains.
The index climbed 11.96 points or 0.1% to 15,409.81.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.24 at $ 36.52
Agrium Incorporated———-up $ 0.27 at $134.62
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-dn $ 0.01 at $ 27.89
Potash Corp. of Sask———dn $ 0.01 at $ 24.07
(All figures are in Canadian dollars.)
