Canadian Financial Close: C$ slumps with no NAFTA deal

By Commodity News Service Canada

WINNIPEG, August 31 (CNS) – The Canadian dollar lost value
relative to its American counterpart on Friday, pressured by the
failure of the United States and Canada to reach a deal over the
North American Free Trade Agreement.
Canadian producer prices also softened in July, largely due
to weakness in metals. The country’s product price index fell
0.2 per cent, compared to the month previous.
Losses in crude oil and gold bullion were also negative for
the loonie.
The loonie finished at US$0.7660 or C$1.3055, compared to
Thursday’s North American close of US$0.7704 or C$1.2980.
The S&P/TSX Composite Index fell 108.67 points, or 0.66%,
to 16,262.88.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.33 at $ 18.45
Buhler Industries————– $ 0.00 at $ 3.62
Maple Leaf Foods————-dn $ 0.03 at $ 31.60
Nutrien Ltd.—————–dn $ 0.67 at $ 73.67
Rocky Mountain Dealerships—up $ 0.05 at $ 10.43
Linamar Corp—————–dn $ 1.46 at $ 57.38
Ritchie Bros. Auctioneers—-up $ 0.24 at $ 49.75

(All figures are in Canadian dollars.)

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