By Commodity News Service Canada
WINNIPEG, Dec. 4 – The Canadian dollar rose Monday, despite
a drop in the price of oil.
Oil fell more than one per cent Monday on profit-taking as
the market eyed signs of rising United States production, though
prices remained close to recent two-year highs thanks to last
week’s decision by OPEC and other producers to extend output
cuts. Brent crude futures settled down US$1.28, or two per cent,
at US$62.45 per barrel.
The Canadian dollar settled Monday at US$0.7877 or
C$1.2695, compared to Friday’s North America close of US$0.7856
or C$1.2729.
In Toronto, the S&P/TSX Composite Index dropped Monday by
69.94, or 0.44 per cent, to 15,969.03.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.46 at $ 19.59
Agrium Incorporated———-dn $ 4.05 at $136.46
Buhler Industries————up $ 0.01 at $ 4.60
Maple Leaf Foods————-up $ 0.55 at $ 35.61
Potash Corp. of Sask———dn $ 0.74 at $ 24.19
(All figures are in Canadian dollars.)
