By Commodity News Service Canada
WINNIPEG, May 9 – The Canadian dollar softened against its
US counterpart due to weakness in crude oil prices and broad-
based strength in the American greenback.
TD Securities said in a note to investors that the US
dollar may be showing some fatigue though and that the loonie
was trying to get a footing.
The Canadian dollar closed at US$0.7284 or C$1.3728,
compared to Monday’s close of US$0.7297 or C$1.3705.
The S&P/TSX Composite Index fell on Tuesday, weighed down
by losses in industrial groups.
Bombardier declined by 1.4% after some investors objected
to the retention of the company’s chairman.
On the other side, Home Capital Group improved by 29% after
it sold C$1.5 billion of its portfolio.
The index sunk by 82.88 points, or 0.53%, to 15,569.20.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.30 at $ 25.08
Agrium Incorporated———-up $ 0.56 at $125.83
Buhler Industries————– $ 0.00 at $ 4.51
Maple Leaf Foods————-dn $ 0.11 at $ 33.99
Potash Corp. of Sask———up $ 0.08 at $ 22.64
(All figures are in Canadian dollars.)