By Commodity News Service Canada
WINNIPEG, April 12 – The Canadian dollar posted solid gains
against its US counterpart on Wednesday, after the Bank of
Canada elected to leave interest rates unchanged.
The BoC kept the main rate at 0.5% but did hike its growth
expectations for the rest of the year.
The Canadian dollar closed at C$0.7534 or US$1=C$1.3373,
compared to Tuesday’s close of C$0.7501 or US$1=C$1.3222.
The S&P/TSX Composite Index finished lower tracking losses
in crude oil.
However, the tech sector received a boost after Blackberry
won a binding legal arbitration award of US$815 million against
Qualcomm Incorporated.
The index fell 78.71 points, or 0.50%, to 15,648.40.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.04 at $ 29.40
Agrium Incorporated———-dn $ 1.14 at $123.86
Buhler Industries————– $ 0.00 at $ 4.64
Maple Leaf Foods————-up $ 0.04 at $ 31.99
Potash Corp. of Sask———dn $ 0.30 at $ 22.19
(All figures are in Canadian dollars.)
