By Commodity News Service Canada
WINNIPEG, April 25 (CNS) – The Canadian dollar finished
lower against its U.S. counterpart on Wednesday, weighed down by
losses in precious metals. The loonie settled at US$0.7771 cents
or C$1.2869, compared to Tuesday’s North American close of
US$0.7795 or C$1.2828.
The Canadian currency was pressured by broad-based strength
in the American greenback, which was bolstered by advancing bond
yields.
It was a bearish day for Canadian government bonds.
Comments by Bank of Canada Governor Stephen Poloz that he
expects the Canadian economy to post a strong rebound in the
second quarter, prompted traders to shed safe assets like bonds
and gold and turn to riskier bets.
The S&P/TSX Composite Index rose 32.75 points, or 0.21%, to
15,509.75.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.04 at $ 16.30
Buhler Industries————– $ 0.00 at $ 4.10
Maple Leaf Foods————-up $ 0.74 at $ 31.15
Nutrien Ltd.—————–up $ 1.09 at $ 59.54
(All figures are in Canadian dollars.)
