By Commodity News Service Canada
WINNIPEG, July 31 – The Canadian dollar finished lower
against its US counterpart on Monday, as investors took profits
in response to the loonie’s recent rally.
Traders bought up cheaper US dollars last week which pushed
the Canadian dollar to its highest point since 2015.
Canadian bonds mixed around for the day in a narrow range.
The 10-year bond yield was at 2.063% from 2.029%.
The Canadian dollar ended Monday at US$0.8010 cents or
C$1.2485, compared to Friday’s close of US$0.8034 or C$1.2447.
Canadian stocks posted gains to start the week. The mining
sector took strength from higher prices for copper.
However, the gains were tempered by losses in crude oil and
gold.
In Toronto, the S&P/TSX Composite Index rose 15.22 points,
or 0.10%, to 15,143.87.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.57 at $ 25.43
Agrium Incorporated———-up $ 0.63 at $124.76
Buhler Industries————– $ 0.00 at $ 4.15
Maple Leaf Foods————-up $ 0.13 at $ 34.46
Potash Corp. of Sask———up $ 0.14 at $ 22.30
(All figures are in Canadian dollars.)
