By Commodity News Service Canada
WINNIPEG, January 25 – The Canadian dollar advanced against
its US counterpart Wednesday, as investors shied away from the
American greenback in the wake of vague comments by President
Donald Trump on tax and trade issues.
The loonie is nearing its highest point in four months.
The Canadian dollar closed at C$0.7653 or US$1=C$1.3067,
compared to Tuesday’s close of C$0.7598 or US$1=C$1.3161.
The S&P/TSX Composite Index finished higher on Wednesday,
due to investor optimism throughout North America. The TSX took
strength from the surging Dow Jones Industrial Average which
climbed above the 20,000 mark for the first time.
The heavily-weighted financial services group led the TSX
with a 0.7% gain on the day.
The index jumped 138.07 points or 0.9% to 15,547.88.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.12 at $ 37.00
Agrium Incorporated———-dn $ 2.11 at $143.13
Buhler Industries————– $ 0.04 at $ 4.60
Maple Leaf Foods————-up $ 0.11 at $ 29.07
Potash Corp. of Sask———dn $ 0.22 at $ 25.97
(All figures are in Canadian dollars.)
