By Commodity News Service Canada
WINNIPEG, January 8 – The Canadian dollar drifted lower against its US counterpart Friday, in the wake of North American job data that was slightly better than expected. Canada added 22,000 jobs last month which was higher than the 8,000 analysts had expected. The unemployment rate held steady though at 7.1%.
The Canadian dollar closed at US$0.7068 or US$1 = C$1.4149.
The TSX suffered slight losses Friday as copper and metal stocks dropped in the face of a stronger US dollar.
The S&P/TSX Composite Index lost 2.76 points, or 0.02%, to 12,445.45.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.61 at $ 34.63
Agrium Incorporated———-dn $ 1.03 at $117.16
Buhler Industries————dn $ 0.10 at $ 5.34
Maple Leaf Foods————-up $ 0.21 at $ 22.97
Potash Corp. of Sask———up $ 0.02 at $ 22.79
(All figures are in Canadian dollars.)
