By Commodity News Service Canada
WINNIPEG, May 25 – The Canadian dollar ended relatively
unchanged against its US counterpart on Thursday, as losses in
crude oil were offset by gains in gold bullion and other metals.
OPEC’s decision to extend production cuts for another nine
months was slightly bearish for the commodity-linked loonie.
The Canadian dollar closed at US$0.7433 or C$1.3453,
compared to Wednesday’s close of US$0.7429 or C$1.3460.
The S&P/TSX Composite Index finished weaker on Thursday,
following declines in the energy sector.
Most of Toronto’s main groups finished lower on the day.
However, the banking sector was one of the notable
exceptions after CIBC, TD Bank and the Royal Bank all posted
tidy profits.
The index declined 8.76 points, or 0.06%, to 15,410.73.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.56 at $ 25.63
Agrium Incorporated———-dn $ 0.06 at $124.02
Buhler Industries————– $ 0.00 at $ 4.50
Maple Leaf Foods————-dn $ 0.01 at $ 34.57
Potash Corp. of Sask———dn $ 0.05 at $ 22.21
(All figures are in Canadian dollars.)
