By Commodity News Service Canada
WINNIPEG, August 1 (CNS) – The Canadian dollar finished
slightly higher against its U.S. counterpart on Wednesday. The
loonie was bolstered by recent economic reports that suggest the
country’s economy is doing better than previously thought. This
has spurred ideas that the Bank of Canada will raise interest
rates sooner, rather than later.
The currency was weighed down by losses in crude oil
prices, gold bullion and natural gas.
The loonie finished at US$0.7691 or C$1.3002, compared to
Tuesday’s North American close of US$0.7682 or C$1.3017.
The S&P/TSX Composite Index fell 57.24 points, or 0.35%, to
16,376.77.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.23 at $ 18.34
Buhler Industries————– $ 0.00 at $ 3.60
Maple Leaf Foods————-dn $ 0.26 at $ 30.89
Nutrien Ltd.—————–up $ 0.35 at $ 71.00
Rocky Mountain Dealerships—dn $ 0.03 at $ 11.99
Linamar Corp—————–dn $ 1.05 at $ 58.40
Ritchie Bros. Auctioneers—-dn $ 0.13 at $ 43.14
(All figures are in Canadian dollars.)
