By Commodity News Service Canada
WINNIPEG, January 30 – The Canadian dollar ticked slightly
higher against its US counterpart as uncertainty over Donald
Trump’s policies roiled the American greenback.
The loonie improved despite losses in crude oil.
The Canadian dollar closed at C$0.7622 or US$1=C$1.3120,
compared to Friday’s close of C$0.7612 or US$1=C$1.3138.
The S&P/TSX Composite Index tumbled in tandem with other
markets on Monday.
Investor sentiment fell south of the border as both the Dow
Jones industrial average and Nasdaq chalked up significant
losses.
The volatility in US politics has prompted a recent run on
gold with April contract climbing to just under US$1,200 an
ounce.
The index lost 170.69 points or 1.1% to 15,405.12.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.47 at $ 36.28
Agrium Incorporated———-dn $ 1.84 at $135.04
Buhler Industries————– $ 0.04 at $ 4.56
Maple Leaf Foods————-up $ 0.76 at $ 29.89
Potash Corp. of Sask———dn $ 0.30 at $ 24.28
(All figures are in Canadian dollars.)
