By Commodity News Service Canada
WINNIPEG, February 16 (CNS) – The Canadian dollar softened
against its U.S. counterpart on Friday, as disappointing factory
sales data weighed down the loonie.
Factory sales in Canada dropped 0.3 per cent in December.
Setbacks in the energy sector and food manufacturing were
credited with the decline.
Losses in gold also undermined the dollar while gains in
crude oil lent some support.
The Canadian dollar settled on Friday at US$0.7974 cents or
C$1.2540, compared to Thursday’s North American close of
US$0.7996 or C$1.2507.
The S&P/TSX Composite Index rose 44.98 points or 0.29 per
cent to 15,452.64.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.13 at $ 19.85
Buhler Industries————up $ 0.04 at $ 4.29
Maple Leaf Foods————-up $ 0.07 at $ 35.17
Nutrien Ltd.—————–up $ 0.16 at $ 55.84
(All figures are in Canadian dollars.)
