By Commodity News Service Canada
WINNIPEG, May 16 – The Canadian dollar posted gains against
its US counterpart on Tuesday as investors shied away from the
US greenback. Reports that US President Trump may have revealed
classified information to Russian officials created uncertainty
in the market.
A lack of domestic news left the loonie open to external
drivers, according to a report.
The Canadian dollar closed at US$0.7355 or C$1.3596,
compared to Monday’s close of US$0.7331 or C$1.3641.
The S&P/TSX Composite Index lost ground as investors took
profits.
A drop in crude oil prices also weighed down the market.
On the flip side, Air Canada and WestJet rose 5% and 2.5%.
The index fell by 86.14 points, or 0.6%, to 15,543.33.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.20 at $ 25.79
Agrium Incorporated———-dn $ 1.25 at $123.41
Buhler Industries————– $ 0.00 at $ 4.51
Maple Leaf Foods————-dn $ 0.04 at $ 33.96
Potash Corp. of Sask———dn $ 0.22 at $ 22.14
(All figures are in Canadian dollars.)