By Commodity News Service Canada
WINNIPEG, October 19 – The Canadian dollar inched higher
against its US counterpart on Thursday, taking strength from
gains in gold bullion and natural gas.
Losses in crude oil prices were bearish for the commodity-
backed currency.
There is speculation Scotiabank is considering a sale of
its gold business.
The Canadian dollar ended Thursday at US$0.8014 cents or
C$1.2578, compared to Wednesday’s North American close of
US$0.8001 or C$1.2586.
In Toronto, the S&P/TSX Composite Index rose 35.84 points,
or 0.23% to 15,818.00.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.09 at $ 20.87
Agrium Incorporated———-up $ 0.25 at $134.55
Buhler Industries————– $ 0.12 at $ 4.45
Maple Leaf Foods————-up $ 0.12 at $ 32.91
Potash Corp. of Sask———up $ 0.06 at $ 24.04
(All figures are in Canadian dollars.)
