By Commodity News Service Canada
WINNIPEG, April 17 – The Canadian dollar finished slightly
higher against its US counterpart on Monday, as rising economic
fortunes in China sparked ideas of increased demand for Canadian
commodities.
Trading was light today as many international markets
remained closed for Easter Monday.
The Canadian dollar closed at C$1.00=US$0.7510 or US$1=C$1.3316,
compared to Thursday’s close of C$1.00=US$0.7503 or US$1=C$1.3328.
The S&P/TSX Composite Index posted gains to start the week,
taking strength from advances in the financial services sector.
10 of the TSX’s major services sectors finished higher on
the day.
The energy sector rose 1.2%. Cenovus advanced 1.7% while
Husky Energy jumped 1.6%.
Bombardier posted a gain of 2.6% amid speculation it was
thinking of merging its train operations with another company.
The index climbed 149.41 points, or 1.00%, to 15,684.89.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.09 at $ 29.01
Agrium Incorporated———-up $ 0.88 at $124.06
Buhler Industries————up $ 0.15 at $ 4.75
Maple Leaf Foods————-up $ 0.21 at $ 32.16
Potash Corp. of Sask———up $ 0.13 at $ 22.19
(All figures are in Canadian dollars.)
