Canadian Financial Close: C$ dips with weak export data
By Commodity News Service Canada
WINNIPEG, November 4 – The Canadian dollar softened against
its US counterpart Friday. The loonie took strength from a new
report showing the country added 44,000 jobs in October.
However, that was offset by a 0.8 percent drop in monthly
exports.
The Canadian dollar closed at C$0.7461 or US$1.3403,
compared to Thursday’s close of C$0.7472 or US$1=C$1.3383.
The S&P/TSX Composite Index dropped Friday as investors
sought safe havens in the lead-up to the US election.
Energy and banking both suffered significant losses due to
the market unease. Losses in crude oil added to the downturn.
The index fell 74.17 points, or 0.5%, to close at
14,509.25.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.02 at $ 36.12
Agrium Incorporated———-dn $ 0.80 at $119.89
Buhler Industries————– $ 0.00 at $ 4.43
Maple Leaf Foods————-dn $ 1.02 at $ 29.67
Potash Corp. of Sask———dn $ 0.21 at $ 21.37
(All figures are in Canadian dollars.)
