Canadian Financial Close: Loonie down with bearish trade data

By Commodity News Service Canada

WINNIPEG, April 5 – The Canadian dollar declined against
its US counterpart on Tuesday, feeling the pinch of bearish
international trade data.
New numbers show Canada’s trade deficit widened in February
to C$1.91 billion.
The Canadian dollar closed at US$0.7601 or US$1 = 1.3157 on
Tuesday which compared with Monday’s close of US$0.7650 or US$1
= 1.3072.
The Standard & Poor’s/TSX Composite Index finished lower on
Tuesday, following losses in energy and financial issues.
Tepid oil prices and uncertainty in global financial
markets ruled the day, according to a trader. Banks continue to
worry over loans made to energy companies that are now in
trouble.
The S&P/TSX Composite Index fell 31.49 points, or 0.24%, to
13,304.66.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.31 at $ 37.10
Agrium Incorporated———-dn $ 0.97 at $112.79
Buhler Industries————– $ 0.00 at $ 5.04
Maple Leaf Foods————-dn $ 0.22 at $ 27.25
Potash Corp. of Sask———dn $ 0.24 at $ 21.18

(All figures are in Canadian dollars.)