Canadian Financial Close: Loonie dips on heels of US labor data

By Commodity News Service Canada

WINNIPEG, April 1 – The Canadian dollar inched downward
against its US counterpart on Friday, following lower crude oil
prices and robust US labour data.
The American greenback rallied on the back of US nonfarm
payroll figures which rose 215,000 in March.
The Canadian dollar closed at US$0.7684 or US$1 = 1.3014 on
Friday which compares with Thursday’s close of US$0.7700 or US$1
= 1.2987.
The Standard & Poor’s/TSX Composite Index declined on
Friday, pressured by losses in crude oil and gold issues.
Blackberry slumped 7.6 percent due to disappointing sales
results.
The S&P/TSX Composite Index fell 54.03 points, or 0.40%, to
13,440.33.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.04 at $ 37.99
Agrium Incorporated———-up $ 0.56 at $115.23
Buhler Industries————up $ 0.23 at $ 4.99
Maple Leaf Foods————-up $ 0.73 at $ 27.88
Potash Corp. of Sask———up $ 0.07 at $ 22.18

(All figures are in Canadian dollars.)