Canadian Financial Close: C$ falters under oil prices

By Commodity News Service Canada

WINNIPEG, July 11 – The Canadian dollar fell against its
American counterpart on Monday, as a drop in oil prices
pressured the loonie.
The loonie will likely stay rangebound prior to the release
of the Bank of Canada`s monetary policy report on Wednesday,
according to a report.
The Canadian dollar closed at US$0.7621 or US$1=C$1.3121,
which compares with Friday’s close of US$0.7669, or
US$1=C$1.3121.
The TSX chalked up gains amid renewed investor confidence.
Minerals and metals led the way as investors took on riskier
propositions.
The S&P/TSX Composite Index added 102.04 points, or 0.7%,
to close at 14,361.88.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.07 at $ 34.50
Agrium Incorporated———-up $ 1.68 at $118.02
Buhler Industries————– $ 0.00 at $ 4.75
Maple Leaf Foods————-up $ 0.24 at $ 28.61
Potash Corp. of Sask———up $ 0.25 at $ 20.84

(All figures are in Canadian dollars.)