By Commodity News Service Canada
WINNIPEG, April 28 (CNS Canada) – The Canadian dollar was weaker on Friday, as the country’s Gross Domestic Product held steady in the latest report.
The Canadian dollar closed at US$0.7320 or US$1=C$1.3662, which compares with Thursday’s close of US$0.7339, or US$1=C$1.3624.
Canada’s GDP was unchanged in February compared to March, according to Statistics Canada data. Gains in the service producing sector were offset by declines in goods producing industries. After three straight months of growth, analysts had anticipated another small rise.
The S&P/TSX Composite Index was stronger on Friday, gaining 79.66 points, or 0.5%, to close at 15,586.13.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 1.63 at $ 31.53
Agrium Incorporated———-dn $ 1.13 at $128.12
Buhler Industries————dn $ 0.04 at $ 4.61
Maple Leaf Foods————-up $ 1.35 at $ 34.17
Potash Corp. of Sask———dn $ 0.15 at $ 23.02
(All figures are in Canadian dollars.)
