Canadian Financial Close: Loonie continues to advance

By Commodity News Service Canada

WINNIPEG, May 26 – The Canadian dollar rose higher against its US counterpart on Thursday, taking strength from gains in
crude oil.
The latest U.S. inventory numbers showed a 4.2 million barrel decline in oil stocks amid supply shortages in Canada and
Nigeria.
The Canadian dollar closed at US$0.7710 or US$1=C$1.2970, which compares with Wednesday’s close of US$0.7679, or
US$1=C$1.3022.
The Standard & Poor’s/TSX Composite Index finished relatively flat, after investors took profits.
Canada’s equity market also softened later in the day after oil came off of its highs.
The S&P/TSX Composite index dipped 4.54 points, or 0.03%, to 14,049.20.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.48 at $ 36.39
Agrium Incorporated———-dn $ 0.39 at $117.53
Buhler Industries————– $ 0.00 at $ 4.90
Maple Leaf Foods————-up $ 0.15 at $ 29.49
Potash Corp. of Sask———dn $ 0.20 at $ 21.68

(All figures are in Canadian dollars.)