Canadian Financial Close: C$ holds steady

By Commodity News Service Canada

WINNIPEG, Oct. 27 (CNS Canada) – The Canadian dollar was held near unchanged on Thursday, showing little direction in thin and choppy activity.

The Canadian dollar closed at US$0.7470 or US$1=C$1.3387, which compares with Wednesday’s close of US$0.7473, or US$1=C$1.3382.

Gains in crude oil did provide some underlying support for the Canadian currency throughout the session. News of a resolution to an impasse that had threatened to derail the Canada/EU trade deal was also supportive.

The S&P/TSX Composite Index was stronger on Thursday, gaining 26.19 points, or 0.2%, to close at 14,833.75.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.02 at $ 37.61
Agrium Incorporated———-dn $ 0.11 at $124.72
Buhler Industries———— $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.07 at $ 30.37
Potash Corp. of Sask———dn $ 0.42 at $ 22.03
(All figures are in Canadian dollars.)