By Commodity News Service Canada
WINNIPEG, April 5 – The Canadian dollar dipped against its
US counterpart on Wednesday, after a US employment report raised
speculation the US Federal Reserve could raise interest rates
again.
Declines in crude oil and natural gas prices added to the
downside.
The Canadian dollar closed at C$0.7448 or US$1=C$1.3427,
compared to Tuesday’s close of C$0.7470 or US$1=C$1.3386.
The S&P/TSX Composite Index weakened as losses in the
health-care industry and tech sector dragged on values.
Valeant Pharmaceutical fell 6.3 percent amid reports the
company is having trouble finding takers for its assets.
On the other side of the market, Hudson’s Bay, finished 7.7
percent after its fourth-quarter earnings were released.
The index dipped 26.08 points, or 0.2%, to 15,642.99.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.29 at $ 29.48
Agrium Incorporated———-dn $ 0.97 at $126.22
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————— $ 0.00 at $ 32.00
Potash Corp. of Sask———dn $ 0.19 at $ 22.63
(All figures are in Canadian dollars.)
