By Commodity News Service Canada
WINNIPEG, January 29 (CNS) – The Canadian dollar finished
slightly weaker against its U.S. counterpart Monday, as losses
in crude oil and gold bullion pointed the way lower.
Negotiations continue on an effort to save the North
American Free Trade Agreement. Reports indicate the mood is more
positive but all the parties are still wide apart on core
issues. Round seven is scheduled to start in late February.
The Canadian dollar settled on Monday at US$0.8107 cents or
C$1.2335, compared to Friday’s North American close of
US$0.8116 or C$1.2321.
The S&P/TSX composite index fell 144.50 points or 0.89
percent to 16,094.72. The market felt the pinch of lower gains
for domestic oil companies. Transcanada Corp., Suncor and
Enbridge were just some of the groups suffering losses on the
day.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.16 at $ 21.30
Buhler Industries————– $ 0.00 at $ 4.33
Maple Leaf Foods————-dn $ 0.35 at $ 35.20
Nutrien Ltd.—————–dn $ 0.36 at $ 66.22
(All figures are in Canadian dollars.)
