By Commodity News Service Canada
WINNIPEG, August 30 – The Canadian dollar recorded solid
losses against its US counterpart on Wednesday.
Strength in the US gross domestic product weighed down the
loonie. The US GDP was up three percent in the second quarter,
which was higher than expected.
The data lent weight to speculation the US Fed will raise
interest rates later this year.
The Canadian dollar ended Wednesday at US$0.7933 cents or
C$1.2605, compared to Tuesday’s North American close of
US$0.7990 or C$1.2515.
In Toronto, the S&P/TSX Composite Index rose by 50.43
points, or 0.3% to 15,133.13.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.19 at $ 25.21
Agrium Incorporated———-up $ 0.72 at $122.43
Buhler Industries————– $ 0.00 at $ 4.19
Maple Leaf Foods————-up $ 0.24 at $ 34.44
Potash Corp. of Sask———up $ 0.11 at $ 21.73
(All figures are in Canadian dollars.)
