Canadian Financial Close: TSX advances with copper

By Commodity News Service Canada

WINNIPEG, January 27 – The Canadian dollar chalked up more gains against its US counterpart Wednesday. A rally in crude oil prices and a decision by the US Fed to leave the interest rate untouched buoyed the loonie.

The Canadian dollar closed at US$0.7091 or US$1 = C$1.4103.

The TSX ended higher Wednesday as copper prices rose. New home sales boosted certain commodity prices while a positive session for crude oil also supported the market.

The S&P/TSX Composite Index rose 46.45 points, or 0.4%, to 12,377.77.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.59 at $ 34.27
Agrium Incorporated———-dn $ 0.31 at $120.44
Buhler Industries————– $ 0.00 at $ 5.00
Maple Leaf Foods————-dn $ 0.02 at $ 22.33
Potash Corp. of Sask———up $ 0.22 at $ 21.44

(All figures are in Canadian dollars.)