By Commodity News Service Canada
WINNIPEG, December 15 – The Canadian dollar was unchanged relative to its US counterpart on Tuesday, as traders waited to see if the US Fed would hike interest rates Wednesday. The move is widely expected but recent softening in the energy sector has cast some doubts on the move.
The Canadian dollar closed at US$0.7279 or US$1 = C$1.3738.
The TSX closed higher on ideas that crude inventories in the US may start to decline.
The S&P/TSX Composite Index climbed 14.02 points, or 1.77%, to 12,919.57.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.56 at $ 30.97
Agrium Incorporated———-up $ 0.70 at $128.44
Buhler Industries————– $ 0.00 at $ 5.44
Maple Leaf Foods————-up $ 0.29 at $ 22.05
Potash Corp. of Sask———up $ 0.76 at $ 23.78
(All figures are in Canadian dollars.)
