By Commodity News Service Canada
WINNIPEG, March 27 – The Canadian dollar finished mostly
unchanged against its US counterpart on Monday, as investors
hung to the sidelines after US President Donald Trump failed to
pass his health-care bill.
Losses in crude oil were offset by gains in gold.
The Canadian dollar closed at C$0.7476 or US$1=C$1.3376,
compared to Friday’s close of C$0.7474 or US$1=C$1.3380.
The S&P/TSX Composite Index climbed higher on Monday,
taking strength from the country’s mining sector.
Analysts say investors turned to gold bullion and other
metals once the Trump government failed to get its coveted
health-care deal.
The materials sector improved by 1.4% on the day.
The index climbed 63.55 points, or 0.4%, to 15,506.22.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.13 at $ 30.10
Agrium Incorporated———-up $ 0.27 at $127.11
Buhler Industries————dn $ 0.18 at $ 4.42
Maple Leaf Foods————-up $ 0.27 at $ 32.29
Potash Corp. of Sask———up $ 0.02 at $ 22.77
(All figures are in Canadian dollars.)
