By Commodity News Service Canada
WINNIPEG, July 22 – The Canadian dollar declined against
its US counterpart on Friday as tepid oil prices and a resurgent
American greenback pointed the way lower. The loonie rallied
briefly in the wake of positive May retail sales data but then
dropped later in the day.
The Canadian dollar closed at US$0.7607 or US$1=C$1.3146,
which compares with Thursday’s close of US$0.7607, or
CS$1=C$1.3146.
The S&P/TSX Composite Index eked out modest gains Friday,
as corporate earnings managed to offset worries about global
finances and bearish oil prices.
Husky Energy advanced 3% to lead the energy sector mostly
higher.
The index climbed 34.83 points, or 0.2%, to close at
14,600.66.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.08 at $ 33.94
Agrium Incorporated———-dn $ 0.56 at $121.47
Buhler Industries————– $ 0.00 at $ 4.76
Maple Leaf Foods————-up $ 0.28 at $ 29.48
Potash Corp. of Sask———dn $ 0.13 at $ 22.29
(All figures are in Canadian dollars.)
