By Commodity News Service Canada
WINNIPEG, June 16 – The Canadian dollar finished higher on
Friday, relative to its US counterpart. The loonie gained two
percent during the week amid ideas that the Bank of Canada may
become more aggressive in the near future.
The loonie ended Friday at US75.57 cents or C$1.3232,
compared to Thursday’s close of US$0.7528 or C$1.3283.
Amazon’s plan to buy grocery giant Whole Foods continued to
send shock waves through the retailing world in Canada. The deal
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stores including 13 in Canada.
The yield for Canada’s two-year bonds was at 0.896% from
0.912% on Thursday, according to electronic trading platform
CanDeal.
In Toronto, the S&P/TSX composite climbed 32.12 points, or
0.21%, at 15,192.54.
US stocks ended the day on a mixed note. The Dow advanced
0.1% to 21,384, the Nasdaq dropped 0.2% to 6,152 and the S&P
inched up to 2,433.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.09 at $ 23.60
Agrium Incorporated———-up $ 2.04 at $124.23
Buhler Industries————– $ 0.00 at $ 4.21
Maple Leaf Foods————-dn $ 0.03 at $ 33.07
Potash Corp. of Sask———up $ 0.35 at $ 22.16
(All figures are in Canadian dollars.)
