By Commodity News Service Canada
WINNIPEG, May 23 – The Canadian dollar ended higher against
its US counterpart on Tuesday, pushed upward by gains in crude
oil prices.
A bullish wholesales sales report also helped prop up the
loonie.
Wholesale sales increased 0.9% on a seasonally-adjusted
basis in March to 60.22 billion Canadian dollars.
The Canadian dollar closed at US$0.7413 or C$1.3490,
compared to Friday’s close of US$0.7383 or C$1.3544.
The S&P/TSX Composite Index finished higher on Tuesday,
buoyed by gains in Blackberry shares and banking.
Blackberry jumped on optimism surrounding its security
business while Laurentian Bank of Canada, National Bank of
Canada and Bank of Montreal also finished strong.
The index rose 18.48 points, or 0.12%, to 15,476.94.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.31 at $ 26.07
Agrium Incorporated———-up $ 0.68 at $125.80
Buhler Industries————– $ 0.00 at $ 4.40
Maple Leaf Foods————-up $ 0.37 at $ 34.64
Potash Corp. of Sask———up $ 0.08 at $ 22.56
(All figures are in Canadian dollars.)
