By Commodity News Service Canada
WINNIPEG, May 24 – The Canadian dollar ended slightly
higher against its US counterpart on Wednesday, pushed upward by
gains in gold and a decision by the Bank of Canada.
The central bank decided to hold interest rates steady at
0.5% due to recent strength in the Canadian economy.
However, the BoC also said there were uncertainties ahead
that “clouded” the Canadian outlook.
The Canadian dollar closed at US$0.7429 or C$1.3460,
compared to Tuesday’s close of US$0.7413 or C$1.3490.
The S&P/TSX Composite Index finished weaker on Wednesday,
weighed down by losses in energy and financials.
Bank of Montreal lost ground after an earnings report came
out that was slightly below expectations.
The index declined 57.45 points, or 0.37%, to 15,419.49.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.12 at $ 26.19
Agrium Incorporated———-dn $ 1.72 at $124.08
Buhler Industries————up $ 0.10 at $ 4.50
Maple Leaf Foods————-dn $ 0.06 at $ 34.58
Potash Corp. of Sask———dn $ 0.30 at $ 22.26
(All figures are in Canadian dollars.)
