By Commodity News Service Canada
WINNIPEG, November 21 – The Canadian dollar jumped half a
cent against its US counterpart on Monday, supported by higher
crude oil prices. A report from TD Securities indicates domestic
news is unlikely to sway the loonie’s movement in the next few
days given the influence of the US dollar.
The Canadian dollar closed at C$0.7455 or US$1.3413,
compared to Friday’s close of C$0.7400 or US$1=C$1.3513.
The S&P/TSX Composite Index finished sharply higher on
Monday led by gains in the energy sector. The materials sector
also advanced with bullish copper prices propelling it up by
1.7%.
One of Canada’s largest copper producers, First Quantum,
improved by 7.2%.
The index climbed 175.84 points, or 1.2%, to close at
15,039.87. It’s the first time in nearly half a year the volume
has climbed above the 15,000-mark.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.05 at $ 35.56
Agrium Incorporated———-up $ 2.16 at $135.09
Buhler Industries————– $ 0.00 at $ 4.69
Maple Leaf Foods————-dn $ 0.05 at $ 28.87
Potash Corp. of Sask———up $ 0.44 at $ 24.49
(All figures are in Canadian dollars.)
