By Commodity News Service Canada
WINNIPEG, May 3 – The Canadian dollar dropped sharply
against its US counterpart on Tuesday.
Weaker prices for crude oil and global market fears pointed
the way lower for investors.
The Canadian dollar closed at US$0.7866 or US$1=C$1.2713,
which compares with Monday’s close of US$0.7977, or
US$1=C$1.2536.
The Standard & Poor’s/TSX Composite Index was also weaker
Tuesday, weighed down by bearish economic data coming out of
China.
Most commodities felt the pinch as global markets around
the world were generally lower.
The S&P/TSX Composite Index declined 157.95 points, or
1.14%, to 13,707.68.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.73 at $ 39.60
Agrium Incorporated———-up $ 0.06 at $107.87
Buhler Industries————– $ 0.00 at $ 4.81
Maple Leaf Foods————-dn $ 0.53 at $ 26.24
Potash Corp. of Sask———dn $ 0.41 at $ 21.47
(All figures are in Canadian dollars.)
