By Commodity News Service Canada
WINNIPEG, February 27 – The Canadian dollar finished weaker
on Monday ahead of a key announcement by the Bank of Canada.
On Wednesday, the BoC will be addressing the thorny
question of whether to adjust Canada’s interest rate.
Losses in silver and natural gas contributed to the bearish
tone.
The Canadian dollar closed at C$0.7597 or US$1=C$1.3163,
compared to Friday’s close of C$0.7628 or US$1=C$1.3109.
The S&P/TSX Composite Index suffered losses to start the
week as health care and energy firms finished lower.
The TSX materials groups lost 3.6% on the day despite
higher gold prices.
The index fell 69.96 points or 0.5% to 15,463.51.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.03 at $ 32.99
Agrium Incorporated———-dn $ 0.96 at $129.28
Buhler Industries————dn $ 0.25 at $ 4.55
Maple Leaf Foods————-up $ 0.05 at $ 30.99
Potash Corp. of Sask———dn $ 0.14 at $ 23.27
(All figures are in Canadian dollars.)
