By Commodity News Service Canada
WINNIPEG, May 31 – The Canadian dollar continued to decline
against its US counterpart, following more losses in crude oil
and natural gas.
The loonie received some support this morning after new
data emerged showing that household spending in Canada rose 3.7%
in the first quarter.
Gains in gold bullion were also supportive for the
commodity-linked currency.
The Canadian dollar closed at US$0.7407 or C$1.7387,
compared to Tuesday’s close of US$0.7424 or C$1.3469.
The S&P/TSX Composite Index suffered modest losses on
Wednesday, tracking declines in mining.
Global economic uncertainty added to the downturn.
The index fell 22.44 points, or 0.15%, to 15,349.91.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.13 at $ 25.86
Agrium Incorporated———-dn $ 0.70 at $124.82
Buhler Industries————– $ 0.00 at $ 4.50
Maple Leaf Foods————-dn $ 0.21 at $ 34.32
Potash Corp. of Sask———dn $ 0.16 at $ 22.31
(All figures are in Canadian dollars.)
