Canadian Financial Close: TSX Posts Gains With Energy, Metals

By Commodity News Service Canada

WINNIPEG, March 2 – The Canadian dollar declined against its US counterpart Wednesday, as a recent rally ran out of steam.

The Canadian dollar closed at US$0.7448 or US$1 = 1.3427 which compared with Tuesday’s close of US$0.7455 or US$1 = C$1.3427.

The Standard & Poor’s/TSX Composite Index advanced on Tuesday, taking strength from gains in energy and metals. Gains in crude oil contributed to the rise. Robust payroll data in the US also underpinned the market.

The S&P/TSX Composite Index rose 35.83 points, or 0.28%, to 13,017.93.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.45 at $ 36.23
Agrium Incorporated———-dn $ 0.77 at $117.27
Buhler Industries————– $ 0.00 at $ 5.03
Maple Leaf Foods————-up $ 1.33 at $ 25.98
Potash Corp. of Sask———up $ 1.31 at $ 24.49

(All figures are in Canadian dollars.)