By Commodity News Service Canada
WINNIPEG, August 18 – The Canadian dollar posted strong
gains against its US counterpart on Friday, fueled by
inflationary data that provided more optimism for the economy.
Canada’s all-items consumer-price index in July rose 1.2%
from a year earlier. The rise matched analysts’ expectations,
according to The Royal Bank of Canada.
The Canadian dollar ended Friday at US$0.7945 cents or
C$1.2586, compared to Thursday’s close of US$0.7907 or C$1.2647.
In Toronto, the S&P/TSX Composite Index fell by 81.31
points, or 0.54%, to 14,952.33.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.10 at $ 23.91
Agrium Incorporated———-dn $ 1.02 at $122.22
Buhler Industries————up $ 0.05 at $ 4.30
Maple Leaf Foods————-dn $ 0.36 at $ 34.85
Potash Corp. of Sask———dn $ 0.22 at $ 21.68
(All figures are in Canadian dollars.)
