By Commodity News Service Canada
WINNIPEG, February 21 – The Canadian dollar finished
slightly lower, relative to its US counterpart, on Tuesday. The
loonie was pressured by losses in metals and natural gas prices.
Some investors were positioning themselves ahead of
Wednesday’s retail sales data.
The Canadian dollar closed at C$0.7612 or US$1=C$1.3138,
compared to Friday’s close of C$0.7634 or US$1=C$1.3099. Markets
were closed on Monday throughout North America.
The S&P/TSX Composite Index finished higher on Tuesday,
amid bullish investor optimism.
The energy sector fueled a broad-based uptick across the
board in several sectors.
On the other side, Canadian bonds declined slightly on
speculation the US Federal Reserve is closing in on a possible
rate hike.
The index advanced 83.74 points or 0.53% to 15,922.37.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.15 at $ 33.72
Agrium Incorporated———-up $ 0.16 at $135.80
Buhler Industries————dn $ 0.38 at $ 4.52
Maple Leaf Foods————-dn $ 0.36 at $ 29.85
Potash Corp. of Sask———up $ 0.04 at $ 24.54
(All figures are in Canadian dollars.)
