By Commodity News Service Canada
WINNIPEG, May 8 – The Canadian dollar finished relatively
unchanged against its US counterpart to start the week.
US/Canada yield spreads were somewhat bearish, according to
a note from Scotia Bank.
Losses in crude oil were offset by gains in gold.
The Canadian dollar closed at US$0.7297 or C$1.3705,
compared to Friday’s close of US$0.7293 or C$1.3712.
The S&P/TSX Composite Index rose on Monday, boosted by
bullish action in equities after the French election.
Toronto’s energy group spearheaded the advance with a total
gain of 1.6%.
The index rose by 70.04 points, or 0.5%, to 15,652.08.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 3.83 at $ 26.38
Agrium Incorporated———-up $ 0.31 at $125.27
Buhler Industries————dn $ 0.14 at $ 4.51
Maple Leaf Foods————-dn $ 0.17 at $ 34.10
Potash Corp. of Sask———up $ 0.07 at $ 22.56
(All figures are in Canadian dollars.)
