By Commodity News Service Canada
WINNIPEG, March 7 – The Canadian dollar finished higher
against its US counterpart Monday, taking strength from gains in
crude oil. Investors were also likely positioning themselves
ahead of Wednesday’s Bank of Canada meeting.
The Canadian dollar closed at US$0.7532 or US$1 = 1.3376
which compared with Friday’s close of US$0.7505 or US$1 =
C$1.3324.
The Standard & Poor’s/TSX Composite Index jumped on Monday
as both energy and mining stocks posted gains. It was the 8th
consecutive session where the TSX ended higher. Brent oil prices
rose past the US$40 per barrel mark.
The S&P/TSX Composite Index rose 171.10 points, or 1.29%,
to 13,383.60.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.70 at $ 36.68
Agrium Incorporated———-up $ 1.97 at $114.95
Buhler Industries————– $ 0.00 at $ 4.95
Maple Leaf Foods————-dn $ 0.02 at $ 26.20
Potash Corp. of Sask———up $ 0.29 at $ 24.84
(All figures are in Canadian dollars.)
