By Commodity News Service Canada
WINNIPEG, May 3 – The Canadian dollar suffered a small loss
against its US counterpart on Wednesday, after the US Federal
Reserve elected to keep interest rates unchanged.
Traders are now keenly watching to see what Bank of Canada
Governor Stephen Poloz will say at a speech in Mexico on
Thursday.
The Canadian dollar closed at US$0.7292 or C$1.3714,
compared to Tuesday’s close of US$0.7289 or C$1.3720.
The S&P/TSX Composite Index declined on Wednesday, as
weaker commodity prices weighed down the key materials group.
The tech sector fell 1.1% after investors took profits.
On the other side, gold miner Kinross recorded a gain of
11% on the strength of quarterly earnings results.
The index dropped by 76.51 points, or 0.5%, to 15,543.14.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.14 at $ 31.43
Agrium Incorporated———-dn $ 2.29 at $124.20
Buhler Industries————– $ 0.00 at $ 4.50
Maple Leaf Foods————-dn $ 0.33 at $ 34.18
Potash Corp. of Sask———dn $ 0.36 at $ 22.35
(All figures are in Canadian dollars.)
