By Commodity News Service Canada
WINNIPEG, January 30 (CNS) – The Canadian dollar finished
relatively unchanged against its U.S. counterpart Tuesday, as
ideas the loonie was overpriced clashed with optimism the North
American Free Trade Agreement seems to be safe for the time
being.
Negotiations between Canada, the U.S. and Mexico concluded
yesterday with the pledge by all three parties to keep talking.
That eased immediate worries U.S. President Donald Trump was
poised to pull the plug on the deal.
The Canadian dollar settled on Tuesday at US$0.8112 cents
or C$1.2328, compared to Monday’s North American close of
US$0.8107 or C$1.2335.
Weakness in world stock markets weighed down the TSX on
Tuesday. Losses in oil and gold were also bearish.
The S&P/TSX composite index fell 139.21 points or 0.86
percent to 15,955.51.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.42 at $ 20.88
Buhler Industries————– $ 0.00 at $ 4.33
Maple Leaf Foods————-dn $ 0.13 at $ 35.07
Nutrien Ltd.—————–dn $ 0.85 at $ 65.37
(All figures are in Canadian dollars.)
