By Commodity News Service Canada
WINNIPEG, Jan. 23 (CNS Canada) – The Canadian dollar was stronger on Monday, recovering from recent losses as a broad-losses for the US dollar internationally provided some support.
The weakness in the US dollar was tied in part to comments from US President Donald Trump that the country would no longer participate in the Trans Pacific Partnership (TPP) trade deal.
The Canadian dollar closed at US$0.7537 or US$1=C$1.3267, which compares with Friday’s close of US$0.7504, or US$1=C$1.3327.
The S&P/TSX Composite Index was weaker on Monday, losing 67.75 points, or 0.44%, to close at 15,480.13.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.11 at $ 36.87
Agrium Incorporated———-dn $ 0.63 at $139.52
Buhler Industries————dn $ 0.16 at $ 4.64
Maple Leaf Foods————-up $ 0.19 at $ 28.78
Potash Corp. of Sask———dn $ 0.17 at $ 25.06
(All figures are in Canadian dollars.)
