By Commodity News Service Canada
WINNIPEG, June 4 (CNS) – The Canadian dollar rose against
its U.S. counterpart on Monday. The loonie took strength after a
flurry of U.S. dollar selling.
Optimism about the state of the Canadian economy also
bolstered the Canadian dollar.
However, losses in crude oil prices, gold bullion and
natural gas capped the upside.
According to Tradeweb, the 10-year Canadian bond yield rose
to 2.276 per cent, compared to 2.247 per cent on Friday.
The Canadian dollar settled Monday at US$0.7735 or
C$1.2928, compared to Friday’s North American close of
US$0.7714 or C$1.2964.
The S&P/TSX Composite Index finished relatively flat,
rising 8.70 points, or 0.05%, to 16,052.24.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.15 at $ 16.00
Buhler Industries————– $ 0.00 at $ 3.61
Maple Leaf Foods————-up $ 1.06 at $ 31.10
Nutrien Ltd.—————–dn $ 0.59 at $ 65.20
(All figures are in Canadian dollars.)
