Canadian Financial Close: CDN bonds soften amid oil rally

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Published: May 2, 2018

By Commodity News Service Canada

WINNIPEG, May 2 (CNS) – The Canadian dollar inched higher
against its U.S. counterpart on Wednesday, taking strength from
gains in crude oil, gold bullion and copper.
Canadian government bonds softened on the day, in the midst
of rising oil stocks. The yield on the benchmark 10-year note
was 2.360 per cent, compared to 2.342% on Tuesday.
The S&P/TSX Composite Index rose 48.47 points, or 0.31%, to
15,667.40, following gains in the energy sector.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.30 at $ 16.71
Buhler Industries————– $ 0.00 at $ 4.10
Maple Leaf Foods————-dn $ 1.74 at $ 28.66
Nutrien Ltd.—————–up $ 0.33 at $ 59.25

(All figures are in Canadian dollars.)

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