By Commodity News Service Canada
WINNIPEG, June 21 – The Canadian dollar dipped against its
American counterpart Tuesday just days before Britain decides
whether or not to stay in the European Union.
Investors were also waiting for the start of Federal
Reserve Chairwoman Janet Yellen’s semi-annual Congressional
testimony. During the session, Yellen said the economic outlook
for the US remained murky but she didn’t see a recession in the
cards for 2016.
The Canadian dollar closed at US$0.7806 or US$1=C$1.2811,
which compares with Monday’s close of US$0.7807, or
US$1=C$1.2809.
The Standard & Poor’s/TSX Composite Index ended mostly flat
Tuesday shedding 2.82 points, or 0.02%, to 14,012.32, as many
investors kept to the sidelines ahead of Thursday’s vote.
Gains in energy and financials offset lower gold prices.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.20 at $ 34.75
Agrium Incorporated———-dn $ 0.91 at $120.72
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.69 at $ 27.09
Potash Corp. of Sask———dn $ 0.23 at $ 21.40
(All figures are in Canadian dollars.)
