By Commodity News Service Canada
WINNIPEG, February 28 – The Canadian dollar dropped against
its US counterpart on Tuesday, pressured by month-end
rebalancing.
Traders were also positioning themselves ahead of
Wednesday’s meeting of the Bank of Canada.
The Canadian dollar closed at C$0.7530 or US$1=C$1.3281,
compared to Monday’s close of C$0.7597 or US$1=C$1.3163.
The S&P/TSX Composite Index finished lower due to weakness
in health-care and the oil and gas sector.
The index fell 64.27 points or 0.4% to 15,399.24.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.27 at $ 32.72
Agrium Incorporated———-dn $ 1.23 at $128.05
Buhler Industries————– $ 0.00 at $ 4.55
Maple Leaf Foods————-dn $ 0.10 at $ 30.89
Potash Corp. of Sask———dn $ 0.23 at $ 23.04
(All figures are in Canadian dollars.)
