By Commodity News Service Canada
WINNIPEG, July 11 – The Canadian dollar ended slightly lower compared to its US counterpart on Tuesday, as investors took out positions ahead of the Bank of Canada’s monetary policy announcement on Wednesday.
Most analysts say, regardless of whether the BoC adjusts the interest rate or not, trading stands to be volatile tomorrow.
The Canadian dollar ended Tuesday at US$0.7740 cents or C$1.2920, compared to Monday’s close of US$0.7759 or C$1.2888.
In Toronto, the S&P/TSX Composite Index rose 43.86 points, or 0.29%, to 15,149.14.
It was a bullish day for commodities as crude oil and gold bullion both ended the day higher.
Advances in natural gas, silver and copper were also supportive for the market.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.14 at $ 23.65
Agrium Incorporated———-up $ 0.62 at $123.95
Buhler Industries————– $ 0.00 at $ 4.23
Maple Leaf Foods————-dn $ 0.15 at $ 32.59
Potash Corp. of Sask———up $ 0.12 at $ 22.25
(All figures are in Canadian dollars.)
