By Commodity News Service Canada
WINNIPEG, April 24 (CNS Canada) – The Canadian dollar was slightly firmer on Monday, seeing a modest recovery to start the week as broad-based weakness in the US dollar internationally provided support.
The Canadian dollar closed at US$0.7412 or US$1=C$1.3492, which compares with Friday’s close of US$0.7404, or US$1=C$1.3506.
Better-than-expected Canadian wholesale sales data helped underpin the currency, with the 0.2 per cent decline reported by Statistics Canada for February much smaller than the 1.0 per cent forecast by economists.
Crude oil was weaker on Monday, which put some pressure on the Canadian dollar.
The S&P/TSX Composite Index was stronger on Monday, gaining 97.98 points, or 0.6%, to close at 15,712.46.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.04 at $ 29.64
Agrium Incorporated———-up $ 1.66 at $123.86
Buhler Industries————up $ 0.02 at $ 4.65
Maple Leaf Foods————-dn $ 0.28 at $ 31.90
Potash Corp. of Sask———up $ 0.34 at $ 22.17
(All figures are in Canadian dollars.)
