By Commodity News Service Canada
WINNIPEG, April 3 – The Canadian dollar posted gains
Tuesday, supported by optimism a North American Free Trade
Agreement (NAFTA) could be reached soon.
The Canadian dollar settled Tuesday at US$0.7805 or
C$1.2812, compared to Monday’s North American close of US$0.7747
or C$1.2908.
Oil prices edged up on Tuesday, after posting their biggest
one-day fall in almost a year on Monday. Higher Russian output
and Saudi Arabia possibly cutting its selling prices dragged on
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According to report, the White House is pushing for a
preliminary NAFTA deal to be announced next week at Summit of
the Americas meeting on April 13 in Peru. The White House
reportedly wants leaders from Canada and Mexico to join in
unveiling the broad outlines of an updated NAFTA deal at the
summit, while technical talks to hammer out the finer details
and legal text could continue after the summit.
In Toronto, the TSX/S&P Composite fell Tuesday, as declines
for financial and gold mining shares offset gains for energy and
auto part stocks. The TSX/S&P dropped 32.69 points, or 0.21 per
cent, to 15,180.76.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.21 at $ 16.40
Maple Leaf Foods————-up $ 0.44 at $ 31.53
Nutrien Ltd.—————–dn $ 0.52 at $ 58.63
(All figures are in Canadian dollars.)
