By Commodity News Service Canada
WINNIPEG, April 27 (CNS Canada) – The Canadian dollar was weaker on Thursday, as losses in crude oil put some pressure on the energy-linked currency.
The Canadian dollar closed at US$0.7339 or US$1=C$1.3624, which compares with Wednesday’s close of US$0.7357, or US$1=C$1.3593.
US President Donald Trump made a turnaround on the North American Free Trade Agreement (NAFTA), announcing that he will be looking to renegotiate the trade deal with Canada and Mexico, rather than exit it completely as had been expected on Wednesday. The NAFTA development initially supported the Canadian dollar, but the currency retreated as the day progressed.
The S&P/TSX Composite Index was weaker on Thursday, losing 143.07 points, or 0.9%, to close at 15,506.47.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.01 at $ 29.90
Agrium Incorporated———-up $ 2.85 at $129.25
Buhler Industries———— $ 0.00 at $ 4.65
Maple Leaf Foods————-up $ 0.92 at $ 32.82
Potash Corp. of Sask———up $ 0.51 at $ 23.17
(All figures are in Canadian dollars.)
