Canadian Financial Close: C$ up ahead of OPEC meeting

By Commodity News Service Canada

WINNIPEG, April 15 (CNS Canada) – The Canadian dollar was firmer on Friday, after trading to both sides of unchanged in choppy activity.

Many of the world’s major oil producers are set to meet in Qatar over the weekend to discuss a possible production freeze, and traders were reluctant to push the energy-linked currency too far one way or the other on Friday.

The Canadian dollar closed at US$0.7790 or US$1=C$1.2837, which compares with Thursday’s close of US$0.7783, or US$1=C$1.2849.

The TSX ended weaker, as investors adjusted positions ahead of the OPEC meeting over the weekend. The S&P/TSX Composite Index was down 31.09 points, or 0.23%, to close at 13,637.20.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.26 at $ 38.83
Agrium Incorporated———-up $ 0.39 at $107.41
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-up $ 0.57 at $ 26.49
Potash Corp. of Sask———up $ 0.23 at $ 21.09
(All figures are in Canadian dollars.)