By Commodity News Service Canada
WINNIPEG, February 10 – The Canadian dollar eked out a tiny
gain against its US counterpart on Friday, as news that Canada
added 48,000 in January bolstered the loonie.
Bank of America-Merrill Lynch upgraded its year-end
forecast for the Canadian dollar on the strength of the January
jobs report.
Gains in crude oil, silver and copper added to the upside.
The Canadian dollar closed at C$0.7642 or US$1=C$1.3085,
compared to Thursday’s close of C$0.7610 or US$1=C$1.3141.
The S&P/TSX Composite Index posted strong gains on Friday,
as most sectors responded favourably to speculation Donald
Trump’s financial plan will be bullish for the economy.
The energy sector took strength from word of OPEC
production cuts.
The index climbed 111.82 points or 0.7% to 15,729.12.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.02 at $ 35.40
Agrium Incorporated———-up $ 1.39 at $138.12
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-up $ 0.18 at $ 30.50
Potash Corp. of Sask———up $ 0.33 at $ 24.96
(All figures are in Canadian dollars.)
