By Commodity News Service Canada
WINNIPEG, Oct. 6 (CNS Canada) – The Canadian dollar was weaker on Thursday, as broad-based strength in the US dollar internationally weighed on values.
The Canadian dollar closed at US$0.7568 or US$1=C$1.3213, which compares with Wednesday’s close of US$0.7586, or US$1=C$1.3182.
Expectations for a strong showing in the latest US jobs data, due out on Friday, helped boost the US dollar at the expense of the Canadian currency.
A Bank of Canada official said the country will be facing numerous pressures kept some caution in the currency market as well, in a speech today. Some of the pressures include slow productivity, declining energy prices, and an aging population.
Crude oil was up on the day, which provided some support.
The S&P/TSX Composite Index was weaker on Thursday, losing 15.08 points, or 0.01%, to close at 14,595.50.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.08 at $ 37.59
Agrium Incorporated———-up $ 0.59 at $119.11
Buhler Industries———— $ 0.00 at $ 4.40
Maple Leaf Foods————-up $ 0.19 at $ 30.34
Potash Corp. of Sask———up $ 0.08 at $ 21.49
(All figures are in Canadian dollars.)
