By Commodity News Service Canada
WINNIPEG, October 5 – The Canadian dollar inched higher
against its American counterpart Wednesday. The loonie took
strength from robust merchandise data along with gains in gold,
crude oil and natural gas.
Investors were keenly waiting for the release of Canada’s
Business Outlook Survey, which is due to come out on Friday.
The Canadian dollar closed at C$0.7586 or US$1.3182,
compared to Tuesday’s close of C$0.7579 or US$1=C$1.3194.
The S&P/TSX Composite Index firmed on Wednesday, as higher
oil prices buoyed investor confidence.
US crude inventories fell for the fifth consecutive week,
which was supportive.
The index rose 89.57 points, or 0.62%, to close at
14,610.58.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.27 at $ 37.67
Agrium Incorporated———-up $ 1.31 at $118.52
Buhler Industries————– $ 0.00 at $ 4.40
Maple Leaf Foods————-up $ 0.63 at $ 30.15
Potash Corp. of Sask———up $ 0.27 at $ 21.41
(All figures are in Canadian dollars.)
