By Commodity News Service Canada
WINNIPEG, April 13 – The Canadian dollar slipped lower against its US counterpart on Thursday, as bearish manufacturing data pointed the way downward.
Factory sales in Canada also declined 0.2% in February to C$53.6 billion.
The Canadian dollar closed at C$0.7503 or US$1=C$1.3328, compared to Wednesday’s close of C$0.7534 or US$1=C$1.3373.
The S&P/TSX Composite Index suffered substantial losses to end the holiday-shortened week. Declines in energy, materials and bank stocks weighed down the market.
However, gains in gold, silver, copper and natural gas limited the damage.
The index fell 112.92 points, or 0.72%, to 15,535.48.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.48 at $ 28.92
Agrium Incorporated———-dn $ 0.68 at $123.18
Buhler Industries————dn $ 0.04 at $ 4.60
Maple Leaf Foods————-dn $ 0.04 at $ 31.95
Potash Corp. of Sask———dn $ 0.13 at $ 22.06
(All figures are in Canadian dollars.)
