Canadian Financial Close: Loonie chalks up more gains

By Commodity News Service Canada

WINNIPEG, June 7 – The Canadian dollar continued to make
gains against its American counterpart Tuesday as the commodity-
rich loonie benefited from higher oil prices.
Crude oil climbed above US$50 a barrel for the first time
since July.
The Canadian dollar closed at US$0.7830 or US$1=C$1.2771,
which compares with Monday’s close of US$0.7808, or
US$1=C$1.2807.
The Standard & Poor’s/TSX Composite Index climbed Tuesday,
led by a surge in energy stocks.
Toronto’s heavily-weighted energy group advanced 3.1% and
has risen 23% on the year, according to a report.
The S&P/TSX Composite index jumped 89.45 points, or 0.63%,
to 14,365.61.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.09 at $ 37.33
Agrium Incorporated———-up $ 1.34 at $122.18
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-up $ 0.25 at $ 29.16
Potash Corp. of Sask———up $ 0.18 at $ 23.23

(All figures are in Canadian dollars.)