By Commodity News Service Canada
WINNIPEG, March 30 – The Canadian dollar rose above 77
cents, relative to its US counterpart, on Wednesday. The sharp
rise came on the heels of comments by US Federal Chairwoman
Janet Yellen, who on Tuesday, said the central bank only
intended to adjust interest rates on a gradual basis. The
comments were felt in a basket of exchanges throughout the
world.
The Canadian dollar closed at US$0.7713 or US$1 = 1.2965 on
Wednesday.
The Standard & Poor’s/TSX Composite Index chalked up gains
alongside the equity market. Toronto’s materials sector also
finished higher.
The S&P/TSX Composite Index rose 77.75 points, or 0.58%, to
13,503.98.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.05 at $ 38.02
Agrium Incorporated———-up $ 0.68 at $117.15
Buhler Industries————dn $ 0.04 at $ 4.76
Maple Leaf Foods————-dn $ 0.03 at $ 27.17
Potash Corp. of Sask———dn $ 0.30 at $ 22.58
(All figures are in Canadian dollars.)
