Canadian Financial Close: C$ softens with GDP data

Posted

By Commodity News Service Canada\


WINNIPEG, September 29 – The Canadian dollar ticked lower

against its US counterpart on Friday, as signs emerged

suggesting the Canadian economy was slowing down.

July’s gross domestic product reading was flat for the

month of July, which spooked some investors.

A report by the Royal Bank says housing affordability in

the country is at its worst level since 1990.

Gains in crude oil prices were offset by declines in gold

bullion.

The Canadian dollar ended Friday at US$0.8013 cents or

C$1.2480, compared to Thursday’s North American close of

US$0.8032 or C$1.2450.

In Toronto, the S&P/TSX Composite Index rose by 16.69

points, or 0.11% to 15,634.94.


Canada’s agricultural sector performed as follows:


AGT Food and Ingredients—–dn $ 0.03 at $ 24.44

Agrium Incorporated———-dn $ 0.44 at $133.72

Buhler Industries————– $ 0.00 at $ 4.45

Maple Leaf Foods————-up $ 0.01 at $ 34.01

Potash Corp. of Sask———dn $ 0.07 at $ 24.02


(All figures are in Canadian dollars.)