Canadian Financial Close: TSX climbs with metals

Canadian Financial Close: TSX climbs with metals

By Commodity News Service Canada

WINNIPEG, April 19 – The Canadian dollar chalked up more
gains against its US counterpart on Tuesday, as renewed
confidence in risk-based assets outweighed unease over the state
of the global economy.
The loonie struck a nine-month high as supply disruptions
in African states stoked oil prices.
The Canadian dollar closed at US$0.7899 or US$1=C$1.2660,
which compares with Monday’s close of US$0.7814, or
US$1=C$1.2797.
The Standard & Poor’s/TSX Composite Index finished stronger
on Tuesday, as copper prices surged on supply fundamentals and
weakness in the US greenback. First Quantum, one of the
country’s largest copper producers, rose 16%.
The S&P/TSX Composite Index climbed 147.46 points, or
1.07%, to 13,867.28.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.05 at $ 39.24
Agrium Incorporated———-up $ 2.92 at $110.27
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-up $ 0.14 at $ 26.83
Potash Corp. of Sask———up $ 0.35 at $ 22.72

(All figures are in Canadian dollars.)