By Commodity News Service Canada
WINNIPEG, February 9 – The Canadian dollar eked out a tiny
gain against its US counterpart on Thursday, as investors stuck
to the sidelines ahead of Friday’s labour report.
Tomorrow’s report is generally expected to show a loss of
10,000 jobs in January.
The Canadian dollar closed at C$0.7610 or US$1=C$1.3141,
compared to Wednesday’s close of C$0.7602 or US$1=C$1.3155.
The S&P/TSX Composite Index finished higher on Thursday, as
the investment community was reassured by US President Trump’s
pledge to unveil a new tax plan. The plan is expected to be
unveiled in two weeks and feature plenty of tax cuts.
Rising gasoline demand also buoyed crude oil prices.
The index rose 63.26 points or 0.41% to 15,617.30.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.02 at $ 35.38
Agrium Incorporated———-dn $ 1.44 at $136.73
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-up $ 0.26 at $ 30.32
Potash Corp. of Sask———dn $ 0.31 at $ 24.63
(All figures are in Canadian dollars.)