Canadian Financial Close: C$ Follows Oil Higher In Thin Trade

By Commodity News Service Canada

WINNIPEG, December 29 – The Canadian dollar rose higher relative to its US counterpart Tuesday, following advances in oil. Thin holiday trading helped exaggerate the gains.

The Canadian dollar closed at US$0.7234 or US$1 = C$1.3823.

The TSX declined Tuesday as flat gold prices and losses in the materials sector led the path downward.

The S&P/TSX Composite Index lost 64.05 points, or 0.48%, to 13,245.75.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.91 at $ 35.56
Agrium Incorporated———-dn $ 1.90 at $126.36
Buhler Industries————– $ 0.00 at $ 5.44
Maple Leaf Foods————-up $ 0.20 at $ 23.96
Potash Corp. of Sask———dn $ 0.59 at $ 24.50

(All figures are in Canadian dollars.)