By Commodity News Service Canada
WINNIPEG, March 22 – The Canadian dollar ended higher
against its US counterpart on Wednesday, as traders prepared to
evaluate what the release of the 2017 Canadian budget meant to
the currency.
Gains in gold were offset by losses in crude oil.
The Canadian dollar closed at C$0.7504 or US$1=C$1.3327,
compared to Tuesday’s close of C$0.7486 or US$1=C$1.3359.
The S&P/TSX Composite Index ended higher with the market
taking strength from consumer staples and energy.
The Toronto Stock Exchange’s consumer staples group led the
market with a 0.9% advance. The sector benefited from a 2.1%
rise from grocer Empire, while food conglomerate George Weston
was up 1.9%.
The index climbed 35.33 points, or 0.2%, to 15,348.46.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.03 at $ 32.70
Agrium Incorporated———-dn $ 0.07 at $126.23
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-up $ 0.18 at $ 31.85
Potash Corp. of Sask———up $ 0.01 at $ 22.70
(All figures are in Canadian dollars.)
