By Commodity News Service Canada
WINNIPEG, March 12 (CNS) – The Canadian dollar finished
flat against its U.S. counterpart on Monday, as worries over the
future of the North American Free Trade Agreement threw caution
into the market and dampened investor confidence.
The outlook for Canadian exports is particularly cloudy as
the country tries to secure a favourable agreement with the
United States.
The Canadian dollar settled on Monday at US$0.7794 cents or
C$1.2830, compared to Friday’s North American close of
US$0.7788 or C$1.2840.
Canadian stocks posted modest gains to start the week,
pushed up by advances in the health sector.
The S&P/TSX Composite Index rose 26.98 points or 0.17 per
cent to 15,604.79.
Canadian government bonds finished higher amid worries over
NAFTA discussions. The 10-year bond hit its highest point of
2018 by closing at 2.379 per cent.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.23 at $ 16.45
Buhler Industries————– $ 0.02 at $ 4.10
Maple Leaf Foods————-up $ 0.05 at $ 32.27
Nutrien Ltd.—————–dn $ 1.70 at $ 65.09
(All figures are in Canadian dollars.)
