By Commodity News Service Canada
WINNIPEG, Oct. 27 (CNS Canada) – The Canadian dollar remained under pressure on Friday, but managed to settle off the three-month lows it hit relative to its U.S. counterpart during the session.
The Canadian dollar closed at US$0.7768 or US$1=C$1.2874, which compares with Thursday’s close of US$0.7794, or US$1=C$1.2831.
Broad strength in the U.S. dollar index accounted for much of the relative weakness in the Canadian currency. However, advances in crude oil and bargain-hunting from some investors provided underlying support on Friday.
The S&P/TSX Composite Index was higher on Friday, setting a new record with advances in energy stocks leading the charge. The index was up 61.88 points, to close at 15,953.51.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.21 at $ 23.04
Agrium Incorporated———-dn $ 1.75 at $137.61
Buhler Industries———— $ 0.00 at $ 4.45
Maple Leaf Foods————-dn $ 0.12 at $ 33.17
Potash Corp. of Sask———dn $ 0.33 at $ 24.52
(All figures are in Canadian dollars.)
