By Commodity News Service Canada
WINNIPEG, March 26 (CNS) – The Canadian dollar softened
against its U.S. counterpart to start the week, tracking
declines in fuel prices. The May crude oil contract on the New
York Mercantile Exchange dropped US$0.38 to hit US$65.50 per
barrel. The contract, which greatly influences the value of the
Canadian currency, was locked in choppy trading for much of the
day.
Gains in natural gas, silver and gold bullion helped limit
the losses.
The Canadian dollar settled on Monday at US$0.7760 cents or
C$1.2886, compared to Friday’s North American close of
US$0.7778 or C$1.2857.
The S&P/TSX Composite Index took strength from gains in the
health care sector on Monday, rising 74.82 points or 0.49 per
cent to 15,298.56. Advances outpaced declines 861 to 807.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.08 at $ 16.00
Buhler Industries————– $ 0.00 at $ 4.11
Maple Leaf Foods————-up $ 0.07 at $ 31.12
Nutrien Ltd.—————–up $ 0.14 at $ 60.64
(All figures are in Canadian dollars.)
