By Commodity News Service Canada
WINNIPEG, May 17 – The Canadian dollar ticked lower against
its US counterpart, as concerns over US President Donald Trump’s
recent conduct spilled into markets.
There are widespread doubts about the US administration’s
ability to push through its business-friendly agenda, a report
said.
Scotiabank sees the US dollar falling back to the C$1.35
area, according to a report.
The Canadian dollar closed at US$0.7345 or C$1.3614,
compared to Tuesday’s close of US$0.7355 or C$1.3596.
The S&P/TSX Composite Index suffered widespread losses
after a broad selloff.
Investors have shied away from risky assets in search of
safe havens as a result of the recent controversy over Trump.
Among the losers, Cenovus fell 2.8%, Canadian National
Resources was down 2.7% and Suncor declined 1.7%.
The index fell by 269.65 points, or 1.7%, to 15,273.68.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.46 at $ 25.33
Agrium Incorporated———-dn $ 2.51 at $120.90
Buhler Industries————dn $ 0.10 at $ 4.41
Maple Leaf Foods————-dn $ 0.64 at $ 33.32
Potash Corp. of Sask———dn $ 0.42 at $ 21.72
(All figures are in Canadian dollars.)
