Canadian Financial Close: Loonie advances ahead of US data

By Commodity News Service Canada

WINNIPEG, May 11 – The Canadian dollar advanced against its
US counterpart on Wednesday, taking strength from firmer oil
prices.
Traders are also looking forward to Friday when the US is
scheduled to release key retail sales data.
The Canadian dollar closed at US$0.7781 or US$1=C$1.2851,
which compares with Tuesday’s close of US$0.7742, or
US$1=C$1.2916.
The Standard & Poor’s/TSX Composite Index ticked higher
Wednesday, led by gains in materials, energy and gold stocks.
The S&P/TSX Composite rose 13.02 points or 0.09% to settle
at 13,788.21.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.34 at $ 42.05
Agrium Incorporated———-dn $ 2.06 at $111.35
Buhler Industries————– $ 0.00 at $ 4.86
Maple Leaf Foods————-up $ 0.07 at $ 29.81
Potash Corp. of Sask———dn $ 0.38 at $ 20.49

(All figures are in Canadian dollars.)