By Commodity News Service Canada
WINNIPEG, February 2 (CNS) – The Canadian dollar finished
lower against its U.S. counterpart Friday, tracking losses in
crude oil, gold bullion and other metals.
The Canadian dollar settled on Friday at US$0.8078 cents or
C$1.2380, compared to Thursday’s North American close of
US$0.8138 or C$1.2288.
North American financial markets suffered losses across the
board, led by a selloff in the energy sector. The Dow Jones
closed down more than 665 points. Exxon Mobil was particularly
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All 12 subgroups of the TSX suffered losses on the day. The
health-care sector lost 6.18 per cent when the dust settled.
Worries that the U.S. will raise interest rates led investors to
retreat from the equity market.
Canadian bonds took strength from comments from the prime
minister. Justin Trudeau told attendees at a town hall that
Canada would not agree to a bad NAFTA deal and would back away
from free trade talks with Mexico and the U.S. if it had to.
The S&P/TSX composite index fell 254.89 points or 1.61
percent to 15,606.03.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.03 at $ 20.44
Buhler Industries————– $ 0.00 at $ 4.33
Maple Leaf Foods————-dn $ 0.34 at $ 34.35
(All figures are in Canadian dollars.)
