By Commodity News Service Canada
WINNIPEG, Jan. 24 (CNS Canada) – The Canadian dollar was sharply stronger on Tuesday, as the currency responded to news that US President Donald Trump had signed an executive order reviving the Keystone XL pipeline that will run from Alberta to the US.
The Canadian dollar closed at US$0.7598 or US$1=C$1.3161, which compares with Monday’s close of US$0.7537, or US$1=C$1.3267.
The S&P/TSX Composite Index was stronger on Tuesday, gaining 130.60 points, or 0.84%, to close at 15,610.69.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.01 at $ 36.88
Agrium Incorporated———-up $ 5.72 at $145.24
Buhler Industries———— $ 0.00 at $ 4.64
Maple Leaf Foods————-up $ 0.18 at $ 28.96
Potash Corp. of Sask———up $ 1.13 at $ 26.19
(All figures are in Canadian dollars.)
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