By Commodity News Service Canada
WINNIPEG, November 29 (CNS) – The Canadian currency
continued its descent against the U.S. dollar on Wednesday. The
loonie was undermined by losses in crude oil, gold bullion and
copper. The American greenback was bolstered by a sharp increase
in U.S. Treasury yields.
North Korea’s latest missile test acted as a bearish force
on Canadian bonds. The 10-year bond yield is at 1.881% from
1.839%.
The Canadian dollar settled on Wednesday at US$0.7780 cents
or C$1.2853, compared to Tuesday’s North American close of
US$0.7808 or C$1.2807.
In Toronto, the S&P/TSX Composite Index was dragged down
by declines in mining companies and tech firms. The index
dropped 61.92 points, or 0.39%, to 15,967.72.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.05 at $ 19.47
Agrium Incorporated———-up $ 0.53 at $139.63
Buhler Industries————– $ 0.14 at $ 4.59
Maple Leaf Foods————-dn $ 0.07 at $ 33.99
Potash Corp. of Sask———up $ 0.15 at $ 25.08
(All figures are in Canadian dollars.)
