NEWS
DTN Plains, Prairies Closing Comments
Cliff Jamieson Canadian Grains Analyst
Thu Jan 31, 2013 03:31 PM CST

OUTSIDE MARKETS

Despite a positive GDP report out of Canada today, Canada's TSX equity market is on the defensive, currently down 88.45 points to 12,705.99. Statistics Canada reported Canadian GDP grew by 0.3% in November, higher than the 0.2% forecast by economists. The GDP was up 1.3% year-over-year. Ben Bernanke announced Wednesday that the U.S. is likely to continue their $85 billion per month stimulus program, highly expected to pressure the U.S. dollar, which in turn supports commodity prices. The Canadian dollar is back above par and is 44 basis points higher at $1.0017 CAD/U.S. dollar. The U.S. dollar is ...

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