Canadian Financial Close: CDN metals rise boosting TSX
By Commodity News Service Canada
WINNIPEG, June 3 – The Canadian dollar advanced against its American counterpart in the wake of a US jobs report that saw
the country gain just 38,000 jobs.
The Canadian dollar closed at US$0.7726 or US$1=C$1.2943, which compares with Thursday’s close of US$0.7631, or
US$1=C$1.3105.
The Standard & Poor’s/TSX Composite Index climbed Friday, as weak US jobs data prompted a run on Canadian metal stocks.
Barrick Gold rose 11% on the day.
The S&P/TSX Composite index climbed 89.79 points, or 0.64%, to 14,226.78.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.19 at $ 37.95
Agrium Incorporated———-dn $ 0.38 at $118.97
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.04 at $ 29.40
Potash Corp. of Sask———up $ 0.08 at $ 21.71
(All figures are in Canadian dollars.)