By Commodity News Service Canada
WINNIPEG, November 27 (CNS) – The Canadian dollar finished
slightly lower against its U.S. counterpart on Monday, pulled
down by weakness in the energy sector. There is speculation
Russia is not keen on extending cuts to oil production, which
weighed on investors’ minds.
Crude oil prices and copper both suffered mild losses on
the day, which was bearish for the loonie.
However, gains in gold and natural gas were supportive for
the currency.
The Canadian dollar settled on Monday at US$0.7852 cents or
C$1.2735, compared to Friday’s North American close of
US$0.7869 or C$1.2715.
In Toronto, the S&P/TSX Composite Index fell 65.97 points,
or 0.41%, to 16,042.12.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.06 at $ 19.93
Agrium Incorporated———-dn $ 1.65 at $136.82
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-dn $ 0.40 at $ 33.77
Potash Corp. of Sask———dn $ 0.20 at $ 24.50
(All figures are in Canadian dollars.)
