By Commodity News Service Canada
WINNIPEG, June 13 – The Canadian dollar fell against its
American counterpart Monday due to weakness in oil prices.
The loonie could be closely aligned to crude prices and the
energy market until Friday when May’s consumer-price index
figures will be released, a report said.
The Canadian dollar closed at US$0.7808 or US$1=C$1.2807,
which compares with Friday’s close of US$0.7839, or
US$1=C$1.2757.
The Standard & Poor’s/TSX Composite Index dropped 43.66
points, or 0.31%, to 13,993.88 on Monday, as stocks in New York,
Europe and Asia weakened.
The financial services sector felt the hardest blow,
dropping 0.5%.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.63 at $ 36.06
Agrium Incorporated———-up $ 0.12 at $119.88
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.21 at $ 28.26
Potash Corp. of Sask———up $ 0.40 at $ 22.09
(All figures are in Canadian dollars.)
