By Commodity News Service Canada
WINNIPEG, July 8 – The Canadian dollar dropped against its
American counterpart on Friday, largely as a result of a weak
domestic job report.
Around 700 jobs were lost in Canada while the US added
5,000 new positions, which was bearish for the loonie.
The Canadian dollar closed at US$0.7669 or US$1=C$1.3040,
which compares with Thursday’s close of US$0.7691, or
US$1=C$1.3003.
The TSX rose on the back of surging gold prices.
The S&P/TSX Composite Index added 125.28 points, or 0.9%,
to close at 14,259.84.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.51 at $ 34.43
Agrium Incorporated———-up $ 0.68 at $116.34
Buhler Industries————– $ 0.00 at $ 4.75
Maple Leaf Foods————-up $ 0.19 at $ 28.37
Potash Corp. of Sask———dn $ 0.19 at $ 20.59
(All figures are in Canadian dollars.)
