By Commodity News Service Canada
WINNIPEG, Sept. 28 – The Canadian dollar dipped relative to the U.S. dollar, even as the American currency softened. Oil prices fell, which helped tug the loonie lower. The Canadian dollar closed today at US$0.8032 or C$1.2450 per US$1. It closed Wednesday at US$0.8057 or C$1.2412 per US$1.
Bank of Canada Governor Stephen Poloz said the Canadian economy would be even stronger were it not for the uncertainty caused by the renegotiations of the North American Free Trade Agreement between Canada, the United States and Mexico. U.S. President Donald Trump has threatened several times to tear up the agreement.
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WTI crude fell 56 cents U.S. to end the day at US$51.58 per barrel.
The S&P/TSX stayed almost steady posting gains of 8.59 points for the day (0.06%) to 15,618.25. Six of the index’s 10 main sectors were higher, while energy fell 0.8 per cent.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.09 at $ 24.47
Agrium Incorporated———-dn $ 0.49 at $134.16
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.07 at $ 34.00
Potash Corp. of Sask———dn $ 0.01 at $ 24.09
(All figures are in Canadian dollars.)
