By Commodity News Service Canada
July 20 (CNS Canada) – The Canadian dollar strengthened
slightly on Thursday, mostly due to a weaker United States
dollar.
The U.S. currency fell in the wake of uninspired quarterly
reports from major companies and dipped in value compared to the
euro when the European Union announced its central bank would
continue economic stimulus buying and maintain low interest
rates.
The Canadian dollar rose slightly closing today at 79.46
cents U.S. or C$1.2585. It closed yesterday at 79.40 cents U.S.
Read Also
Canadian Dollar and Business Outlook: Loonie slips, gold falls
Glacier FarmMedia | MarketsFarm — The Canadian dollar slipped below the 73 United States cent mark on Friday morning. The…
The European Central Bank announced it would leave interest
rates unchanged and vowed to continue to buy assets through
December, or beyond, in order to provide economic stimulus. The
euro has gained 11 per cent this year and is at a three-year
high compared to the U.S. dollar. It current sits at C$1.4641
per euro (.6830).
The S&P/TSX Composite Index gained 19.93 points (.13%) to
reach 15,264.64, helped by a swell in Roger Communications
shares. The company announced an increase in second quarter
profits of 35 per cent.
In the U.S., the tech heavy Nasdaq managed small increases
but the S&P 500 and Dow Jones, were weighed down by lukewarm
earnings announced in the quarterly reports of some big
The S&P 500 dipped .38 points (.02%) to 2,473.45, the Dow
fell 28.97 points (.13%) to 21,611.78 and the Nasdaq gained 4.96
points (.08%) to reach 6,390.00.
Police continue to try to track down hackers who stole US$32
million worth of Parity ether coins, a digital currency similar
to bitcoin.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.06 at $ 25.42
Agrium Incorporated———-up $ 0.17 at $126.25
Buhler Industries————– $ 0.00 at $ 4.15
Maple Leaf Foods————-dn $ 0.03 at $ 32.96
Potash Corp. of Sask———up $ 0.05 at $ 22.70
(All figures are in Canadian dollars.)
