By Commodity News Service Canada
WINNIPEG, November 28 – The Canadian dollar rose against
its US counterpart on Monday, taking strength from higher oil
prices and investor optimism. Many analysts believe this week’s
3Q report will herald good news for Canada’s economic health.
Strong gains in gold underpinned the loonie.
The Canadian dollar closed at C$0.7451 or US$1.3421,
compared to Friday’s close of C$0.7393 or US$1=C$1.3527.
The S&P/TSX Composite Index finished lower amid broad-based
declines in several sectors.
Mining companies were one of the lone bright spots. Kinross
Gold Corp. posted a strong gain of 5.6%.
The index was down 60.08 points or 0.4% to 15,015.36.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.71 at $ 36.27
Agrium Incorporated———-dn $ 0.58 at $131.90
Buhler Industries————up $ 0.30 at $ 4.80
Maple Leaf Foods————-dn $ 0.13 at $ 28.99
Potash Corp. of Sask———dn $ 0.09 at $ 23.72
(All figures are in Canadian dollars.)
