By Commodity News Service Canada
WINNIPEG, August 30 (CNS) – The Canadian dollar dropped in
value relative to its American counterpart on Thursday,
pressured by worries over the state of trade negotiations
between Canada and the United States.
The loonie did take strength from Canadian GDP data which
showed the country’s gross domestic product climbed 2.9 per cent
in the second quarter.
Gains in crude oil were offset by losses in gold bullion.
The loonie finished at US$0.7704 or C$1.2980, compared to
Wednesday’s North American close of US$0.7733 or C$1.2931.
The S&P/TSX Composite Index fell 18.74 points, or 0.11%, to
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.18 at $ 18.12
Buhler Industries————up $ 0.02 at $ 3.62
Maple Leaf Foods————-up $ 0.22 at $ 31.63
Nutrien Ltd.—————–dn $ 0.28 at $ 74.01
Rocky Mountain Dealerships—dn $ 0.06 at $ 10.38
Linamar Corp—————–up $ 0.39 at $ 58.84
Ritchie Bros. Auctioneers—-up $ 0.51 at $ 49.51
(All figures are in Canadian dollars.)