By Commodity News Service Canada
WINNIPEG, August 21 – The Canadian dollar finished relatively unchanged against its US counterpart on Monday, as losses in crude oil were offset by gains in gold.
Some traders did chase the Canadian dollar around a bit, thanks to tight yield spreads with the US.
Canadian bond trading was light, trailing US Treasurys. Traders will now be watching for Tuesday’s release of June’s retail sales figures.
The Canadian dollar ended Monday at US$0.7952 cents or C$1.2575, compared to Friday’s close of US$0.7945 or C$1.2586.
In Toronto, the S&P/TSX Composite Index declined by 0.45 points to 14,951.88.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.03 at $ 23.94
Agrium Incorporated———-up $ 0.58 at $122.80
Buhler Industries————dn $ 0.12 at $ 4.18
Maple Leaf Foods————-up $ 0.10 at $ 34.95
Potash Corp. of Sask———up $ 0.14 at $ 21.82
(All figures are in Canadian dollars.)
