By Commodity News Service Canada
WINNIPEG, February 17 – The Canadian dollar finished
slightly lower, relative to its US counterpart, in choppy
trading on Friday. Broad-based strength in the American
greenback pressured the loonie for much of the day.
The Canadian dollar closed at C$0.7634 or US$1=C$1.3099,
compared to Thursday’s close of C$0.7645 or US$1=C$1.3080.
The S&P/TSX Composite Index declined on Friday, as a run on
gold dragged down the market.
The TSX materials sector bore the brunt of gold bullion
sales, dropping 1.4%. Goldcorp and Barrick Gold both lost 1.5%
on the day. First Quantum fell by 5.5%.
The index was down 25.54 points or 0.2% to 15,838.63.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.00 at $ 34.05
Agrium Incorporated———-dn $ 1.50 at $136.06
Buhler Industries————– $ 0.00 at $ 4.90
Maple Leaf Foods————-dn $ 0.23 at $ 30.26
Potash Corp. of Sask———dn $ 0.29 at $ 24.47
(All figures are in Canadian dollars.)
