By Commodity News Service Canada
WINNIPEG, April 3 – The Canadian dollar finished lower
against its US counterpart on Friday, following losses in crude
oil and natural gas.
According to a report from National Bank Financial, the
loonie will remain under pressure until the Bank of Canada takes
a more hawkish tone.
The Canadian dollar closed at C$0.7470 or US$1=C$1.3386,
compared to Friday’s close of C$0.7519 or US$1=C$1.3299.
The S&P/TSX Composite Index finished higher taking strength
from the materials sector.
Teck Resources rose 5.5% while Barrick Gold climbed 2.3%.
Gains in gold contributed to the upside.
The index advanced 36.65 points, or 0.24%, to 15,584.40.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.18 at $ 30.00
Agrium Incorporated———-dn $ 0.46 at $127.38
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-dn $ 0.71 at $ 31.57
Potash Corp. of Sask———up $ 0.10 at $ 22.82
(All figures are in Canadian dollars.)
