By Commodity News Service Canada
WINNIPEG, March 1 – The Canadian dollar softened against
its US counterpart on Wednesday, as the Bank of Canada decided
not to adjust the interest rate.
Losses in crude oil prices and gold bullion added to the
bearish tone.
The Canadian dollar closed at C$0.7499 or US$1=C$1.335,
compared to Tuesday’s close of C$0.7530 or US$1=C$1.3281.
The S&P/TSX Composite Index reaped huge gains on the mid-
week session, as US President Donald Trump’s speech to Congress
bolstered North American markets.
Toronto’s resource sector led the pack with a gain of 2.3%
while financials climbed 1.5%.
Air Canada rose 4.3% while Bombardier did slightly better
ending with a gain of 4.4%
The index rose 200.44 points or 1.3% to 15,599.68.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.00 at $ 33.72
Agrium Incorporated———-up $ 1.57 at $129.62
Buhler Industries————– $ 0.00 at $ 4.55
Maple Leaf Foods————-up $ 0.52 at $ 31.41
Potash Corp. of Sask———up $ 0.32 at $ 23.36
(All figures are in Canadian dollars.)
