By Commodity News Service Canada
WINNIPEG, October 26 – The Canadian dollar suffered losses
against its US counterpart on Thursday. There were no domestic
data releases today but investors focused heavily on the
statement made by the European Central Bank.
The ECB said it would cut its bond purchases down to 30
billion euros every month starting next year. That helped boost
the American greenback, which weighed on the loonie.
The Canadian dollar was also still pressured by yesterday’s
decision by the Bank of Canada not to raise interest rates.
Canadian bonds eased lower in thin-volume trading. The
yield for Canada’s two-year bonds is 1.457% from 1.468%,
according to Candeal.
The Canadian dollar settled on Thursday at US$0.7793 cents
or C$1.2831, compared to Wednesday’s North American close of
US$0.7830 or C$1.2771.
In Toronto, the S&P/TSX Composite Index rose 36.86 points,
or 0.23% to 15,891.63.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 2.75 at $ 23.25
Agrium Incorporated———-dn $ 1.59 at $139.36
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.86 at $ 33.29
Potash Corp. of Sask———dn $ 0.29 at $ 24.85
(All figures are in Canadian dollars.)
