By Commodity News Service Canada
WINNIPEG, August 19 – The Canadian dollar declined against
its US counterpart Friday, due to disappointing domestic retail
sales and inflation data. The news likely contributes to a
further continuation of low interest rates, said analysts.
Losses in gold contributed to the downside while gains in
crude oil were supportive.
The Canadian dollar closed at US$0.7778 or US$1=C$1.2857,
which compares with Thursday’s close of US$0.7833, or
US$1=C$1.2767.
The S&P/TSX Composite Index posted minor losses to end the
week. Toronto’s energy group fell 0.4% while equities took
profits.
The index dipped 8.22 points, or 0.06%, to close at
14,687.46.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.22 at $ 36.83
Agrium Incorporated———-up $ 0.31 at $116.49
Buhler Industries————– $ 0.00 at $ 4.76
Maple Leaf Foods————-dn $ 0.88 at $ 28.78
Potash Corp. of Sask———up $ 0.24 at $ 20.80
(All figures are in Canadian dollars.)
