By Commodity News Service Canada
WINNIPEG, June 27 – The Canadian dollar finished lower
against its American counterpart Monday, as global markets
everywhere felt the lingering effects of Britain’s decision to
exit the European Union.
Losses in crude oil were bearish for the loonie while many
investors sought refuge in safe havens like the gold sector.
The Canadian dollar closed at US$0.7649 or US$1=C$1.3073,
which compares with Friday’s close of US$0.7693, or
US$1=C$1.2999.
The Standard & Poor’s/TSX Composite Index continued to drop
Monday as the effects of last week’s “Brexit” continued to sour
investments across the board. The TSX lost 239.57 points, or
1.70%, to 13,891.88.
Canada’s major banks felt the pinch in an acute fashion.
Manulife Financial Corp. fell 5.1%, Royal Bank of Canada
declined 2.6%, Bank of Nova Scotia slid 1.9% and Toronto-
Dominion Bank dropped 1.3%.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.13 at $ 33.51
Agrium Incorporated———-dn $ 3.69 at $115.89
Buhler Industries————– $ 0.00 at $ 4.90
Maple Leaf Foods————-dn $ 0.08 at $ 26.87
Potash Corp. of Sask———dn $ 1.28 at $ 20.66
(All figures are in Canadian dollars.)
