By Commodity News Service Canada
WINNIPEG, April 18 (CNS) – The Canadian dollar closed lower
Wednesday, dragged down by comments from the Bank of Canada
(BOC).
The Canadian dollar settled Wednesday at US$0.7928 or
C$1.2614, compared to Tuesday’s North American close of
US$0.7967 or C$1.2552.
While the BOC held off on doing an interest rate increase
Wednesday, it did say that it didn’t know when or how aggressive
it would have to be this year in order to keep the inflation
Read Also
Canadian Financial Close: C$ weaker Thursday
Glacier FarmMedia — The Canadian dollar was weaker on Thursday, as its United States counterpart regained lost ground in international…
Oil prices jumped nearly three per cent Wednesday,
supported by a decline in United States crude resources, while
sources said top oil exporter, Saudi Arabia, wants to see the
crude price close to US$100 per barrel. Brent crude rose US$1.90
to US$73.48 per barrel.
In Toronto, the TSX/S&P Composite rose for a fifth straight
day Wednesday hitting a four-week high, led by gains for energy
and mining companies which were boosted by higher commodity
prices. The TSX/S&P added 176.67 points, or 1.15 per cent, to
15,529.97.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.06 at $ 16.51
Buhler Industries————unchanged at $ 4.10
Maple Leaf Foods————-up $ 0.54 at $ 31.34
Nutrien Ltd.—————–up $ 1.83 at $ 60.90
(All figures are in Canadian dollars.)
