By Commodity News Service Canada
WINNIPEG, March 30 – The Canadian dollar finished flat
against its US counterpart on Thursday, as traders bought up US
dollars prior to month-end portfolio rebalancing.
There are ideas that future adjustments to the North
American Free Trade won’t be as problematic for Canadian
businesses at originally feared, which was supportive for the
loonie.
The Canadian dollar closed at C$0.7500 or US$1=C$1.3334,
compared to Wednesday’s close of C$0.7500 or US$1=C$1.3333.
The S&P/TSX Composite Index finished weaker on Thursday,
following losses in the mining and energy sectors.
Much of the weakness was led by Cenovus, which fell 13.8%
after announcing it had purchased ConocoPhillips for US$13.3
billion.
The index declined 78.87 points, or 0.5%, to 15,578.76.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.01 at $ 29.86
Agrium Incorporated———-up $ 1.27 at $128.00
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-dn $ 0.25 at $ 32.10
Potash Corp. of Sask———up $ 0.17 at $ 22.94
(All figures are in Canadian dollars.)
