By Commodity News Service Canada
WINNIPEG, April 10 (CNS) – The Canadian dollar recorded
strong gains against its U.S. counterpart on Tuesday, taking
strength from advances in crude oil and natural gas.
The ongoing trade dispute between China and the U.S. seems
to have faded slightly, which prompted some investors to re-
enter the market and others to place risky bets.
Canadian government bonds softened on Tuesday as stocks
improved.
The Canadian dollar settled on Tuesday at US$0.7925 cents
or C$1.2618, compared to Monday’s North American close of
US$0.7856 or C$1.2729.
The S&P/TSX Composite Index rose 34.44 points, or 0.23%, to
15,262.14. The market reacted positively to recent comments from
Chinese President Xi Jinping about his country’s trade dispute
with the U.S. There are ideas a full-scale war could be averted
between the two economic powers.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.11 at $ 16.59
Buhler Industries————dn $ 0.09 at $ 4.00
Maple Leaf Foods————-dn $ 0.54 at $ 31.02
Nutrien Ltd.—————–up $ 0.15 at $ 58.93
(All figures are in Canadian dollars.)
