By Commodity News Service Canada
WINNIPEG, March 29 – The Canadian dollar rose against its
US counterpart on Tuesday following comments from the chairwoman
of the US Federal Reserve that hinted a further cut to interest
rates won’t be coming.
The Canadian dollar closed at US$0.7654 or US$1 = 1.3065 on
Tuesday.
The Standard & Poor’s/TSX Composite Index advanced on gold
issues. The world’s largest gold producer, Barrick Gold, gained
2.2% while fellow rival Goldcorp climbed 3.3%.
Losses in crude oil limited the gains.
The S&P/TSX Composite Index gained 36.04 points, or 0.27%,
to 13,426.23.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.08 at $ 37.97
Agrium Incorporated———-dn $ 2.16 at $116.47
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-up $ 0.07 at $ 27.20
Potash Corp. of Sask———up $ 0.18 at $ 22.88
(All figures are in Canadian dollars.)
