By Commodity News Service Canada
WINNIPEG, January 6 – The Canadian dollar was slightly
lower compared to its US counterpart at close Friday.
Analysts say weakness in oil prices was largely the reason
behind the dip along with dovish comments from the Bank of
Canada.
The Canadian dollar closed at C$0.7552 or US$1=C$1.3243,
compared to Thursday’s close of C$0.0.7557 or US$1=C$1.3232.
The S&P/TSX Composite Index was dragged down by losses in
mining stocks and gold bullion.
On the positive side, investors sought riskier assets on
the heels of robust jobs data.
The index declined 90.53 points or 0.58% to 15,496.05.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.53 at $ 35.70
Agrium Incorporated———-dn $ 1.48 at $135.62
Buhler Industries————dn $ 0.19 at $ 4.45
Maple Leaf Foods————-dn $ 0.11 at $ 27.61
Potash Corp. of Sask———dn $ 0.40 at $ 24.43
(All figures are in Canadian dollars.)
