Canadian Financial Close: Loonie mostly flat ahead of BoC

By Commodity News Service Canada

WINNIPEG, May 24 – The Canadian dollar ended slightly lower
against its US counterpart on Tuesday, as traders tweaked
positions ahead of Wednesday’s Bank of Canada’s monetary policy
meeting.
The Canadian dollar closed at US$0.7607 or US$1=C$1.3146,
which compares with Friday’s close of US$0.7620, or
US$1=C$1.3124.
The Standard & Poor’s/TSX Composite Index advanced Tuesday,
taking strength from banking issues and a robust showing from
the financial services sector. Toronto’s heavily-weighted
finance sector rose 1.2% as crude prices settled above US$48 a
barrel.
The S&P/TSX Composite index rose 33.27 points, or 0.24%, to
13,952.85.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.25 at $ 37.16
Agrium Incorporated———-up $ 1.28 at $116.57
Buhler Industries————– $ 0.00 at $ 4.90
Maple Leaf Foods————-dn $ 0.09 at $ 29.36
Potash Corp. of Sask———dn $ 0.30 at $ 21.38

(All figures are in Canadian dollars.)