By Commodity News Service Canada
WINNIPEG, June 9 – The Canadian dollar finished higher
against its US counterpart to end the week.
A better-than-expected May jobs report in Canada was cited
as the key reason behind the surge.
Gains in crude oil, copper and natural gas helped buoy the
loonie.
The Canadian dollar closed at US$0.7433 or C$1.3453,
compared to Thursday’s close of US$0.7406 or C$1.3503.
The S&P/TSX Composite Index strengthened on Friday tracking
advances in the energy sector.
In the oil patch, Encana chalked up a gain of 4.9% while
Cenovus rose 4.4%.
The banking sector also rose on optimism that an upcoming
review of US capital investments could result in greater returns
to investors.
The index climbed 50.12 points, or 0.3%, to 15,473.21.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.16 at $ 25.19
Agrium Incorporated———-up $ 4.75 at $127.84
Buhler Industries————– $ 0.00 at $ 4.21
Maple Leaf Foods————-dn $ 0.27 at $ 34.31
Potash Corp. of Sask———up $ 0.87 at $ 22.89
(All figures are in Canadian dollars.)
