Canadian Financial Close: Loonie breaks 77 US cents
By Commodity News Service Canada
WINNIPEG, June 30 – The Canadian dollar cracked the 77 US cent mark, as gains in crude oil pointed the way higher. That is the loonie’s highest point since late 2016.
Canada’s economic output rose for the sixth straight month. The GDP advanced 0.2% in April over the previous month.
The loonie ended Friday at US$0.7706 cents or C$1.2977, compared to Thursday’s close of US$0.7683 or C$1.3015.
In Toronto, the S&P/TSX Composite Index dipped 31.23 points, or 0.21%, to 15,182.19.
The August gold bullion contract fell US$4.40 or 0.35% to US$1,241.40.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.66 at $ 23.28
Agrium Incorporated———-dn $ 0.10 at $117.53
Buhler Industries————– $ 0.00 at $ 4.22
Maple Leaf Foods————-up $ 0.17 at $ 32.74
Potash Corp. of Sask———up $ 0.04 at $ 21.15
(All figures are in Canadian dollars.)
