By Commodity News Service Canada
WINNIPEG, December 13 – The Canadian dollar finished
relatively flat against its US counterpart on Tuesday, as
investors kept to the sidelines ahead of tomorrow’s meeting of
the US Federal Reserve.
Analysts expect the bond market to see a 25 basis point rate
hike on Wednesday.
The Canadian dollar closed at C$0.7614 or US$1.3134,
compared to Monday’s close of C$0.7614 or US$1=C$1.3134.
The S&P/TSX Composite Index posted solid gains on Tuesday,
as gains in global stocks pointed the way higher.
The Dow Jones Industrial Average threatened to break
through the 20,000-mark for the first time due to wide-spread
Declines in gold bullion and crude oil prices limited the
The index gained 97.57 points or 0.64% to 15,385.27.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.08 at $ 35.93
Agrium Incorporated———-dn $ 4.90 at $135.30
Buhler Industries————dn $ 0.25 at $ 4.50
Maple Leaf Foods————-dn $ 0.13 at $ 28.07
Potash Corp. of Sask———dn $ 0.89 at $ 24.49
(All figures are in Canadian dollars.)