By Commodity News Service Canada
WINNIPEG, July 26 – The Canadian dollar finished relatively
unchanged against its US counterpart on Wednesday.
The US Federal Reserve decided to keep interest rates
steady, which kept the market fairly calm. The Canadian dollar
remained at its highest point in 14 months.
The Canadian dollar ended Wednesday at US$0.7997 cents or
C$1.2505, compared to Tuesday’s close of US$0.7996 or C$1.2507.
Canadian stocks ended mixed on Wednesday as gains in gold
mining companies were offset by losses in banks and industrials.
The market was bolstered by gains in crude oil, copper and
gold.
However, the Federal Reserve’s decision to leave interest
rates unchanged pressured Canadian airlines and railroads. Air
Canada fell 1.6% while CN dropped 2.4%.
In Toronto, the S&P/TSX Composite Index declined 30.98
points, or 0.2%, to 15,171.39.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.47 at $ 25.86
Agrium Incorporated———-dn $ 2.07 at $123.10
Buhler Industries————– $ 0.00 at $ 4.16
Maple Leaf Foods————-dn $ 0.09 at $ 32.78
Potash Corp. of Sask———dn $ 0.54 at $ 21.96
(All figures are in Canadian dollars.)
