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Canadian Financial Close: TSX climbs with health-care

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Published: May 2, 2017

By Commodity News Service Canada

WINNIPEG, May 2 – The Canadian dollar continued to sink
against its US counterpart on Tuesday, as weakness in crude oil
prices and fears over what tweaks could be made to the North
American Free Trade Agreement could do to the economy north of
the border.
Yield spreads with the US greenback continue to widen out
and the loonie shows little sign of moving away from its current
14-month low.
The Canadian dollar closed at US$0.7289 or C$1.3720,
compared to Monday’s close of US$0.7321 or C$1.3660.
The S&P/TSX Composite Index posted modest gains on Tuesday,
as advances in the tech sector provided the path of least
resistance.
The TSX also received a shot in the arm from the health-
care sector with pharmaceutical giant Valeant rising 6.7%.
The index climbed 44.02 points, or 0.3%, to 15,619.65.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.31 at $ 31.29
Agrium Incorporated———-dn $ 1.75 at $126.49
Buhler Industries————– $ 0.00 at $ 4.50
Maple Leaf Foods————-up $ 0.62 at $ 34.51
Potash Corp. of Sask———dn $ 0.20 at $ 22.71

(All figures are in Canadian dollars.)

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