Canadian Financial Close: Loonie snaps losing skid

By Commodity News Service Canada

WINNIPEG, May 10 – The Canadian dollar chalked up gains
against its US counterpart on Tuesday, for the first time in
four sessions, as gains in oil pushed stocks higher.
Production slowdowns in Nigeria and Alberta have helped to
reduce the glut of crude oil on the market.
The Canadian dollar closed at US$0.7742 or US$1=C$1.2916,
which compares with Monday’s close of US$0.7714, or
US$1=C$1.2963.
The Standard & Poor’s/TSX Composite Index finished higher
Tuesday, propelled by gains in energy and gold issues.
The S&P/TSX Composite rose 211.35 points or 1.56% to settle
at 13,775.19.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.73 at $ 40.71
Agrium Incorporated———-up $ 3.79 at $113.41
Buhler Industries————– $ 0.00 at $ 4.86
Maple Leaf Foods————-up $ 0.57 at $ 29.74
Potash Corp. of Sask———up $ 0.63 at $ 20.87

(All figures are in Canadian dollars.)