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Canadian Financial Close: Loonie rises with retail sales

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Published: July 21, 2017

By Commodity News Service Canada

WINNIPEG, July 21 – The Canadian dollar posted gains
against its US counterpart to end the week.
The loonie took strength from a 0.6% rise in Canadian
retail sales in May.
The country’s inflation rate also slowed for the fourth
time in five months. Canada’s all-consumer price index in June
jumped 1% from a year ago.
The 10-year bond yield was unchanged at 1.883%.
The Canadian dollar ended Friday at US$0.7969 cents or
C$1.2549, compared to Thursday’s close of US$0.7946 or C$1.2585.
In Toronto, the S&P/TSX Composite Index fell 81.51 points,
or 0.5%, to 15,183.13.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.58 at $ 26.00
Agrium Incorporated———-dn $ 0.83 at $125.42
Buhler Industries————– $ 0.00 at $ 4.23
Maple Leaf Foods————-dn $ 0.64 at $ 32.32
Potash Corp. of Sask———dn $ 0.14 at $ 22.56

(All figures are in Canadian dollars.)

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