By Commodity News Service Canada
WINNIPEG, April 5 – The Canadian dollar posted gains
Thursday, as optimism grew over a potential North American Free
Trade Agreement (NAFTA) deal being reached.
The Canadian dollar settled Thursday at US$0.7827 or
C$1.2776, compared to Wednesday’s North American close of
US$0.7807 or C$1.2809.
The Permian Basin in Texas is leading the way as United
States oil production has reached an all-time high, causing
bottlenecks as pipelines transporting crude have filled more
quickly than expected. On Thursday, oil rose 17 cents to
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News released Thursday said that Canadian Foreign Minister
Chrystia Freeland will hold talks in Washington on Friday with
U.S. Trade Representative Robert Lighthizer and Mexican Economy
Minister Ildefonso Guajardo. An eighth round of negotiations
were supposed to start in Washington next week.
In Toronto, the TSX/S&P Composite rebounded Thursday from a
nearly eight-week low on Wednesday, as ebbing trade tensions
helped boost energy and financial shares. The TSX/S&P rose
191.68 points, or 1.26 per cent, to 15,356.05.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.28 at $ 16.62
Buhler Industries————unchanged at $ 4.09
Maple Leaf Foods————-dn $ 0.51 at $ 31.16
Nutrien Ltd.—————–up $ 1.13 at $ 58.83
(All figures are in Canadian dollars.)
