By Commodity News Service Canada
WINNIPEG, January 11 – The Canadian dollar posted gains
Wednesday, largely at the expense of the US dollar, which
retreated following a news conference by US President-elect
Donald Trump.
Investors shied away as Trump discussed his business
dealings, alleged conflicts of interest and plans to target US
pharmaceutical firms.
The Canadian dollar closed at C$0.7589 or US$1=C$1.3177,
compared to Tuesday’s close of C$0.7560 or US$1=C$1.3227.
The S&P/TSX Composite Index advanced on Wednesday, led by
gains in banking.
Mining companies also performed well by health-care stocks
retreated.
The index jumped 65.26 points or 0.4% to 15,491.54.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.01 at $ 35.37
Agrium Incorporated———-up $ 2.73 at $138.67
Buhler Industries————up $ 0.01 at $ 4.71
Maple Leaf Foods————-dn $ 0.13 at $ 27.59
Potash Corp. of Sask———up $ 0.44 at $ 25.05
(All figures are in Canadian dollars.)
