By Commodity News Service Canada
WINNIPEG, February 14 – The Canadian dollar inched higher
against its US counterpart on Tuesday, taking strength from
higher oil prices and the financial sector.
The gains were tempered by US Reserve Federal Chairwoman
Janet Yellen who hinted that adjustments to the interest rate
could come sooner than later.
The Canadian dollar closed at C$0.7651 or US$1=C$1.3071,
compared to Monday’s close of C$0.7648 or US$1=C$1.3075.
The S&P/TSX Composite Index finished higher on Tuesday, as
equities reaped gains for the second day in a row.
Health care firms were one of the big winners on the day
with pharmaceutical giant Valeant climbing 6.4%.
The energy group also rose 0.9%.
The index advanced 29.45 points or 0.2% to 15,786.06.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.25 at $ 35.05
Agrium Incorporated———-up $ 1.56 at $140.10
Buhler Industries————up $ 0.30 at $ 4.90
Maple Leaf Foods————-up $ 0.02 at $ 30.48
Potash Corp. of Sask———up $ 0.18 at $ 25.19
(All figures are in Canadian dollars.)
