By Commodity News Service Canada
WINNIPEG, May 7 (CNS) – The Canadian dollar finished flat
against its U.S. counterpart on Monday, as gains in crude oil
were cancelled out by fears demand for oil could soften in the
months to come.
The price for a barrel of crude oil surpassed the US$70 per
barrel mark, which is seen as a critical level for market
interest.
The Canadian dollar settled Monday at US$0.7775 or
C$1.2862, compared to Friday’s North American close of
US$0.7775 or C$1.2861.
Canadian government bonds also dipped, following losses in
U.S. Treasury’s. The 10-year Canadian government bond yield rose
to 2.334% from 2.328% Friday.
The S&P/TSX Composite Index rose 79.23 points, or 0.50%, to
15,808.63, following advances in tech, health-care and
industrial stocks.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.06 at $ 16.89
Buhler Industries————dn $ 0.05 at $ 4.00
Maple Leaf Foods————-dn $ 0.34 at $ 29.03
Nutrien Ltd.—————–up $ 0.15 at $ 59.99
(All figures are in Canadian dollars.)
