Canadian Financial Close: TSX ticks higher with equities
By Commodity News Service Canada
WINNIPEG, July 20 – The Canadian dollar weakened against
its American counterpart on Wednesday. The loonie was
overwhelmed by the US dollar which is currently at a four-month
high due to bullish investor sentiment, according to a report.
The Canadian dollar closed at US$0.7660 or US$1=C$1.3055,
which compares with Tuesday’s close of US$0.7676, or
US$1=C$1.3028.
The S&P/TSX Composite Index eked out tiny gains on the back
of higher oil prices and bullish equities.
Canadian Pacific Railway Ltd. jumped 1.2% which put the
commodity at its highest level in over half a year.
The S&P/TSX Composite Index improved by 8.96 points, or
0.06%, to close at 14,533.57.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.72 at $ 33.75
Agrium Incorporated———-up $ 0.56 at $123.06
Buhler Industries————– $ 0.00 at $ 4.79
Maple Leaf Foods————-dn $ 0.03 at $ 29.35
Potash Corp. of Sask———up $ 0.15 at $ 22.46
(All figures are in Canadian dollars.)