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Canadian Financial Close: TSX posts gains to end week

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Published: February 3, 2017

By Commodity News Service Canada

WINNIPEG, February 3 – The Canadian dollar suffered tiny
losses against its US counterpart to end the week. Losses in
natural gas and copper contributed to the downside.
On the other side, gains in crude oil and gold bullion lent
support to the loonie.
The Canadian dollar closed at C$0.7676 or US$1=C$1.3028,
compared to Thursday’s close of C$0.7680 or US$1=C$1.3020.
The S&P/TSX Composite Index posted gains on Friday in step
with most world indexes. Donald Trump’s move to loosen financial
regulation in the US lent support to markets.
News that Hudson’s Bay Co. is looking to buy Macy’s Inc.
drew headlines on both sides of the border.
Better-than-expected nonfarm payroll data in the US was
also bullish.
The index rose 77.28 points or 0.50% to 15,476.39.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.31 at $ 36.25
Agrium Incorporated———-up $ 1.29 at $134.59
Buhler Industries————dn $ 0.10 at $ 4.46
Maple Leaf Foods————-up $ 0.28 at $ 30.08
Potash Corp. of Sask———up $ 0.15 at $ 24.19

(All figures are in Canadian dollars.)

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