By Commodity News Service Canada
WINNIPEG, June 13 – The Canadian dollar climbed one cent against the United States greenback, amid signals from the Bank of Canada that higher interest rates were imminent.
The loonie attained its highest level since February reaching an average trading price of US75.54 cents or C$1.3238, compared to Monday’s close of US$0.7454 or C$1.3415.
Bank of Canada governor Stephen Poloz spoke today on indications that the Canadian economy appeared to be gathering momentum, prompting expectations that an interest rate increase may be near.
In Toronto, the S&P/TSX composite closed down 4.05 points at 15,379.75.
On Wall Street, The S&P 500 and the Dow Jones Industrial Average both set record highs. The S&P 500 rose 10.96 points to 2,440.35, the Dow Jones rose 92.8 points to 21,328.47 and the Nasdaq gained 44.9 points to 6,220.37.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.11 at $ 26.01
Agrium Incorporated———-up $ 0.21 at $125.52
Buhler Industries————– $ 0.00 at $ 4.21
Maple Leaf Foods————-dn $ 0.40 at $ 33.63
Potash Corp. of Sask———up $ 0.05 at $ 22.56
(All figures are in Canadian dollars.)
