By Commodity News Service Canada
WINNIPEG, May 1 (CNS) – The Canadian dollar suffered losses
against its U.S. counterpart on Tuesday, on speculation the U.S.
Federal Reserve would hike interest rates during the fourth
quarter. BoC governor Stephen Poloz also raised warnings about
the level of household debt in Canada, which pressured the
loonie.
The loonie settled at US$0.7772 cents or C$1.2867, compared
to Monday’s North American close of US$0.7791 or C$1.2836.
The Canadian dollar was also undermined by losses in gold,
crude oil and natural gas.
The S&P/TSX Composite Index rose 11.05 points, or 0.07%, to
15,618.93. The TSX took strength from advances in telecom,
utilities and the financial sector.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.01 at $ 16.41
Buhler Industries————– $ 0.00 at $ 4.10
Maple Leaf Foods————-dn $ 0.55 at $ 30.40
Nutrien Ltd.—————–up $ 0.47 at $ 58.92
(All figures are in Canadian dollars.)
