By Commodity News Service Canada
WINNIPEG, April 18 – The Canadian dollar fell against its
US counterpart on Tuesday, as losses in crude oil weighed down
the loonie.
The metals sector also dragged down the commodity-linked
currency as gold, copper and silver all finished lower.
The Canadian dollar closed at US$0.7473 or C$1.3381,
compared to Monday’s close of US$0.7510 or C$1.3381.
The S&P/TSX Composite Index suffered losses on the day, due
to weakness in the energy sector.
International markets were also spooked by British Prime
Minister Theresa May’s decision to call a snap election in June.
The Bank of Canada’s senior deputy governor warned
investors that automation across the industrial world could
worsen income equality and spark job losses.
The index declined 62.32 points, or 0.40%, to 15,662.57.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.70 at $ 30.71
Agrium Incorporated———-dn $ 1.05 at $123.01
Buhler Industries————– $ 0.00 at $ 4.75
Maple Leaf Foods————-up $ 0.04 at $ 32.20
Potash Corp. of Sask———dn $ 0.07 at $ 22.12
(All figures are in Canadian dollars.)
