By Commodity News Service Canada
WINNIPEG, February 2 – The Canadian dollar chalked up mild
gains relative to its US counterpart Thursday as uncertainty in
US trade policy weighed down the American greenback. Advances in
gold issues and natural gas were supportive for the loonie.
Investors are now waiting for Friday’s US jobs report.
The Canadian dollar closed at C$0.7680 or US$1=C$1.3020,
compared to Wednesday’s close of C$0.7665 or US$1=C$1.3047.
The S&P/TSX Composite Index suffered tiny losses on the
day, as losses in the financial and telecom industries pointed
the way lower.
Uranium giant Cameco lost 4.8% today while announcing it
would challenge Tokyo Electric’s decision to cancel a US$1.3-
billion contract.
Canadian bonds are locked in a narrow range as they await
tomorrow’s jobs data.
The index declined 3.28 points or 0.02% to 15,399.11.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.23 at $ 35.94
Agrium Incorporated———-dn $ 0.73 at $133.30
Buhler Industries————– $ 0.00 at $ 4.56
Maple Leaf Foods————-dn $ 0.16 at $ 29.80
Potash Corp. of Sask———dn $ 0.18 at $ 24.04
(All figures are in Canadian dollars.)
