By Commodity News Service Canada
WINNIPEG, August 14 – The Canadian dollar finished
relatively unchanged against its US counterpart on Monday, as
gains in crude oil and gold were offset by strength in the
American greenback.
The loonie is at its lowest point in nearly a month, just
days after topping the 80 US cent mark.
Analysts say talks over NAFTA and reports on inflation
could create more turbulence for the Canadian dollar in the days
ahead.
The Canadian dollar ended Monday at US$0.7881 cents or
C$1.2705, compared to Friday’s close of US$0.7883 or C$1.2685.
In Toronto, the S&P/TSX Composite Index climbed 86.53
points higher, or 0.58%, to 15,119.91. The market was bolstered
by gains in banking, technology and industrials.
Air Canada finished 3.6% higher while Bombardier gained
2.7%.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.13 at $ 23.84
Agrium Incorporated———-up $ 0.29 at $124.96
Buhler Industries————– $ 0.00 at $ 4.16
Maple Leaf Foods————-up $ 0.22 at $ 34.48
Potash Corp. of Sask———up $ 0.04 at $ 22.27
(All figures are in Canadian dollars.)
