By Commodity News Service Canada
WINNIPEG, January 31 – The Canadian dollar rose against its
US counterpart Tuesday due to bullish economic news.
Canada’s GDP increased by 0.4% in November which surpassed
the 0.3% analysts expected.
The Canadian dollar closed at C$0.7685 or US$1=C$1.3012,
compared to Monday’s close of C$0.7622 or US$1=C$1.3120.
The S&P/TSX Composite Index declined as losses in tech
companies and the industrial sector weighed down the market.
Blackberry fell by 1% while Amaya lost 1.4%.
Advances in gold helped limit the losses.
The index lost 19.16 points or 0.1% to 15,385.96.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.67 at $ 35.61
Agrium Incorporated———-dn $ 1.02 at $134.02
Buhler Industries————– $ 0.00 at $ 4.56
Maple Leaf Foods————-dn $ 0.06 at $ 29.83
Potash Corp. of Sask———dn $ 0.07 at $ 24.21
(All figures are in Canadian dollars.)
