Canadian Financial Close: C$ improves with manufacturing

By Commodity News Service Canada

WINNIPEG, June 1 – The Canadian dollar rose against its US
counterpart on Wednesday following the release of bullish
manufacturing data.
The Institute for Supply Management pegged the
manufacturing activity index at 51.3 in May, which was higher
than many market-watchers had been expecting.
The Canadian dollar closed at US$0.7653 or US$1=C$1.3067,
which compares with Tuesday’s close of US$0.7628, or
US$1=C$1.3110.
The Standard & Poor’s/TSX Composite Index ticked lower
Wednesday, as a retreat in the energy sector weighed down
certain commodities.
The S&P/TSX Composite index fell 2.24 points, or 0.02%, to
14,063.54.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.07 at $ 37.51
Agrium Incorporated———-dn $ 0.10 at $118.25
Buhler Industries————dn $ 0.09 at $ 4.91
Maple Leaf Foods————-up $ 0.05 at $ 29.50
Potash Corp. of Sask———dn $ 0.01 at $ 21.39

(All figures are in Canadian dollars.)