By Commodity News Service Canada
WINNIPEG, Oct. 24 (CNS Canada) – The Canadian dollar was weaker on Monday, as losses in crude oil weighed on values.
The Canadian dollar closed at US$0.7470 or US$1=C$1.3386, which compares with Friday’s close of US$0.7504, or US$1=C$1.3327.
Crude oil dropped on news that Iraq would not be joining other OPEC members in cutting production. Rising US rig counts also weighed on oil prices.
Uncertainty over the Canada/Europe trade deal was also keeping some caution in the currency.
The S&P/TSX Composite Index was weaker on Monday, losing 16.03 points, or 0.01%, to close at 14,923.01.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.76 at $ 37.97
Agrium Incorporated———-up $ 3.07 at $124.28
Buhler Industries———— $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.16 at $ 30.48
Potash Corp. of Sask———up $ 0.48 at $ 22.37
(All figures are in Canadian dollars.)
