By Commodity News Service Canada
WINNIPEG, March 7 – The Canadian dollar ended relatively
flat against its US counterpart on Tuesday, as a lack of fresh
domestic news left the loonie range-bound.
Traders have adopted a slightly defensive position due to
expectations that the US Federal Reserve will hike interest
rates later this month.
The Canadian dollar closed at C$0.7460 or US$1=C$1.3404,
compared to Monday’s close of C$0.7454 or US$1=C$1.3416.
The S&P/TSX Composite Index finished slightly lower on
Tuesday. Losses in gold, crude oil, copper, silver and platinum
dragged on the materials group and energy sector.
The health-care group also fell by 2.4% as pharmaceutical
giant Valeant moved to refinance more than $1 billion worth of
debt.
The index fell 20.97 points or 0.1% to 15,608.78.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.63 at $ 32.10
Agrium Incorporated———-up $ 0.76 at $127.95
Buhler Industries————– $ 0.00 at $ 4.65
Maple Leaf Foods————-dn $ 0.47 at $ 30.93
Potash Corp. of Sask———up $ 0.11 at $ 22.93
(All figures are in Canadian dollars.)
