Canadian Financial Close: C$ falters ahead of payroll data

By Commodity News Service Canada

WINNIPEG, June 2 – The Canadian dollar finished slightly lower against its US counterpart ahead of Friday’s release of U.S. nonfarm payrolls.

The Canadian dollar closed at US$0.7631 or US$1=C$1.3105, which compares with Wednesday’s close of US$0.7653, or US$1=C$1.3067.

The Standard & Poor’s/TSX Composite Index rose Thursday, as higher oil prices pointed the way higher.

The S&P/TSX Composite index climbed 73.45 points, or 0.52%, to 14,136.99.

Global equity markets were volatile as relatively stronger prices for crude oil clashed with concerns over global growth.

Canada’s energy sector improved by one percent.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.63 at $ 38.14
Agrium Incorporated———-up $ 1.10 at $119.35
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.06 at $ 29.44
Potash Corp. of Sask———up $ 0.24 at $ 21.63

(All figures are in Canadian dollars.)