By Commodity News Service Canada
WINNIPEG, June 6 (CNS) – The Canadian dollar ended slightly
higher against its U.S. counterpart on Wednesday. Late in the
day the loonie was trading at US$0.7723 or C$1.2948, compared to
Tuesday’s North American close of US$0.7697 or C$1.2993.
Losses in crude oil were partly offset by gains in natural
gas.
Canadian agricultural giant Nutrien auctioned off over
20,000 class B shares today for approximately US$1 billion.
According to the Santiago Stock Exchange, a large portion of the
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distributes over 26 million tonnes of potash, nitrogen and
phosphate products world-wide.
Investors shed Canadian government bonds in droves on
Wednesday, after the European Central Bank’s chief economist
said the ECB could halt its bond-buying program as early as next
week. The yield on the benchmark 10-year Canadian government
bond recently traded at 2.305%, compared to 2.253% Tuesday.
The S&P/TSX Composite Index finished higher, rising 61.68
points, or 0.38%, to 16,183.93.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.01 at $ 15.94
Buhler Industries————dn $ 0.01 at $ 3.60
Maple Leaf Foods————-up $ 0.04 at $ 30.89
Nutrien Ltd.—————–up $ 3.48 at $ 69.18
(All figures are in Canadian dollars.)
