By Commodity News Service Canada
WINNIPEG, October 18 – The Canadian dollar rose against its
US counterpart on Wednesday. The loonie was pulled higher by a
robust factory sales report that indicated the country’s
manufacturing sector was gaining some momentum. August sales
came in 1.6% higher than the previous month.
On the flip side, Canadian bonds softened following the
report. The 10-year bond yield is 2.032% from 2.017%.
Gains in crude oil supported the loonie, while declines in
gold bullion and natural gas were bearish.
The Canadian dollar ended Wednesday at US$0.8001 cents or
C$1.2586, compared to Tuesday’s North American close of
US$0.7969 or C$1.2548.
In Toronto, the S&P/TSX Composite Index fell 34.74 points,
or 0.22% to 15,782.16. The market was pressured by losses in
mining and the energy sector.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.13 at $ 20.78
Agrium Incorporated———-dn $ 0.02 at $134.30
Buhler Industries————– $ 0.00 at $ 4.33
Maple Leaf Foods————-dn $ 0.21 at $ 32.79
Potash Corp. of Sask———dn $ 0.03 at $ 23.98
(All figures are in Canadian dollars.)
