By Commodity News Service Canada
WINNIPEG, May 22 (CNS) – The Canadian dollar finished
higher against its U.S. counterpart on Tuesday, taking strength
from gains in the country’s wholesale trade sector. Wholesale
transactions jumped 1.1 per cent to C$62.83 billion in March.
Analysts had been expecting an increase of just 0.8 per cent.
Losses in crude oil and gold bullion capped the gains.
The Canadian dollar settled Tuesday at US$0.7821 or
C$1.2786, compared to Friday’s North American close of
US$0.7764 or C$1.2880. Canadian markets were closed Monday in
observance of Victoria Day.
The S&P/TSX Composite Index fell 17.52 points, or 0.11%, to
16,144.79.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.25 at $ 16.54
Buhler Industries————– $ 0.01 at $ 3.75
Maple Leaf Foods————-up $ 0.07 at $ 29.20
Nutrien Ltd.—————–dn $ 0.89 at $ 65.42
(All figures are in Canadian dollars.)
