Canadian Financial Close: TSX firms on strong signals from UK

By Commodity News Service Canada

WINNIPEG, July 12 – The Canadian dollar rose against its
American counterpart on Tuesday, tracking gains in crude oil.
The loonie will likely stay neutral ahead of the Bank of
Canada’s policy rate announcement on Wednesday.
The Canadian dollar closed at US$0.7675 or US$1=C$1.3030,
which compares with Monday’s close of US$0.7621, or
US$1=C$1.3121.
The TSX rose on the back of stronger oil prices and
positive economic indicators from the US and the UK.
News that Theresa May will replace David Cameron as the
Prime Minister of Great Britain was viewed as a favourable sign
for investor confidence, according to a report.
The S&P/TSX Composite Index added 115.79 points, or 0.8%,
to close at 14,477.67.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.50 at $ 35.00
Agrium Incorporated———-up $ 0.92 at $118.94
Buhler Industries————– $ 0.00 at $ 4.75
Maple Leaf Foods————-up $ 0.36 at $ 28.97
Potash Corp. of Sask———up $ 0.21 at $ 21.05

(All figures are in Canadian dollars.)