By Commodity News Service Canada
WINNIPEG, Feb 5 (CNS Canada) – The Canadian dollar dropped sharply against its US counterpart Friday. Declines in crude oil and a disappointing economic report weighed down the loonie. New numbers show the country’s unemployment rate inched up to 7.2%.
The Canadian dollar closed at US$0.7190 or US$1 = C$1.3908.
The S&P/TSX Composite Index dipped 10.51 points, or 0.08%, to 12,763.99.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.01 at $ 34.81
Agrium Incorporated———-dn $ 0.05 at $119.84
Buhler Industries————– $ 0.00 at $ 5.02
Maple Leaf Foods————-up $ 0.22 at $ 22.79
Potash Corp. of Sask———up $ 0.18 at $ 23.27
(All figures are in Canadian dollars.)
