By Commodity News Service Canada
WINNIPEG, March 16 (CNS) – The Canadian dollar ended lower against its U.S. counterpart on Friday, weighed down by ideas that U.S. President Donald Trump’s tariffs on Canadian commodities could increase in the future and weigh down exports.
Gains in crude oil prices and natural gas helped mitigate the losses.
The Canadian dollar settled on Friday at US$0.7641 cents or C$1.3088, compared to Thursday’s North American close of
US$0.7673 or C$1.3032.
Canadian bonds ended little changed on Friday with yields showing more stability than earlier in the week. The yield for the country’s 10-year bond was 2.14% per cent compared to 2.14 percent the previous day, according to data from Tradeweb.
The S&P/TSX Composite Index rose 40.71 points or 0.26 per cent to 15,711.33.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.05 at $ 16.56
Buhler Industries————– $ 0.00 at $ 4.11
Maple Leaf Foods————-dn $ 0.43 at $ 31.37
Nutrien Ltd.—————–dn $ 0.36 at $ 64.93
(All figures are in Canadian dollars.)
