By Commodity News Service Canada
WINNIPEG, February 13 – The Canadian dollar eked out a tiny
gain against its US counterpart on Monday, as analysts pondered
the impact of Prime Minister Justin Trudeau’s meeting on Friday
with US President Donald Trump.
So far, the US President has provided little clarity as to
what trade adjustments may be coming to the Canada US Trade
relationship.
The Canadian dollar closed at C$0.7648 or US$1=C$1.3075,
compared to Friday’s close of C$0.7642 or US$1=C$1.3085.
The S&P/TSX Composite Index recorded modest gains on
Monday, led by airlines, railroads and other industrials. Equity
markets also provided support as several key sectors notched
strong performances.
The consumer discretionary sector settled 1% high, which
bolstered the TSX.
On the other hand, weaker crude oil and gold bullion prices
capped the upside.
The index rose 27.46 points or 0.2% to 15,756.58.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.10 at $ 35.30
Agrium Incorporated———-up $ 0.42 at $138.54
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-dn $ 0.04 at $ 30.46
Potash Corp. of Sask———up $ 0.05 at $ 25.01
(All figures are in Canadian dollars.)
