By Commodity News Service Canada
WINNIPEG, March 28 – The Canadian dollar was little changed
against its US counterpart at the close on Tuesday, after a
dovish speech from Bank of Canada governor Stephen Poloz earlier
in the day.
Speaking at a college in Ontario, he told an audience the
North American Free Trade Agreement had room to be tweaked, and
the country had to guard against protectionism.
The Canadian dollar closed at C$0.7472 or US$1=C$1.3383,
compared to Monday’s close of C$0.7476 or US$1=C$1.3376.
The S&P/TSX Composite Index finished higher on Tuesday,
following gains in oil and gas.
Crude oil prices advanced after militant groups in Libya
shut down key pipelines in a dispute with the government.
Encana finished with a large gain of 5.2% while Suncor
advanced 2.4%.
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 $ 0.50 at $ 30.60
Agrium Incorporated———-up $ 0.30 at $127.41
Buhler Industries————– $ 0.00 at $ 4.42
Maple Leaf Foods————-up $ 0.25 at $ 32.54
Potash Corp. of Sask———up $ 0.12 at $ 22.89
(All figures are in Canadian dollars.)
