By Commodity News Service Canada
WINNIPEG, April 4 – The Canadian dollar finished lower
against its US counterpart on Tuesday, following reports of an
unexpected trade deficit.
New numbers show the country recorded a trade deficit
against the rest of the world that was just under a billion
dollars in February.
The Canadian dollar closed at C$0.7470 or US$1=C$1.3386,
compared to Monday’s close of C$0.7470 or US$1=C$1.3386.
The S&P/TSX Composite Index climbed on Tuesday taking
strength from the energy sector.
Oil prices increased by 1% on ideas that global production
cuts made last year will soon start making a difference in the
current over-supply.
On the tech front, Blackberry rose by 3.6 percent.
The index advanced 84.67 points, or 0.5%, to 15,669.07.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.23 at $ 29.77
Agrium Incorporated———-dn $ 0.19 at $127.19
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-up $ 0.43 at $ 32.00
Potash Corp. of Sask———– $ 0.00 at $ 22.82
(All figures are in Canadian dollars.)
