Canadian Financial Close: Loonie rises with weak US data

By Commodity News Service Canada

WINNIPEG, April 28 – The Canadian dollar advanced against
its US counterpart on Thursday, as new data showed the US
economy could be slowing down.
U.S. gross domestic products rose weakly in the first
quarter, as consumers took a cautious stance towards buying
items, according to a report.
The Canadian dollar closed at US$0.7969 or US$1=C$1.2549,
which compares with Wednesday’s close of US$0.7925, or
US$1=C$1.2616.
The Standard & Poor’s/TSX Composite Index ended relatively
flat as gains in oil and gold helped offset the disappointing
GDP readings.
The S&P/TSX Composite Index dipped 1.23 points, or 0.01%,
to 13,886.43.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.49 at $ 40.56
Agrium Incorporated———-up $ 0.42 at $109.19
Buhler Industries————– $ 0.00 at $ 4.81
Maple Leaf Foods————-dn $ 0.11 at $ 26.38
Potash Corp. of Sask———dn $ 0.92 at $ 22.17

(All figures are in Canadian dollars.)