By Commodity News Service Canada
WINNIPEG, January 27 – The Canadian dollar fell against its
US counterpart as investors flocked to the American greenback in
the wake of disappointing fourth-quarter results. US GDP came in
at 1.9% compared to 3.5% in the previous reporting period.
The Canadian dollar closed at C$0.7612 or US$1=C$1.3138,
compared to Thursday’s close of C$0.7635 or US$1=C$1.3098.
The S&P/TSX Composite Index declined on Friday, as drilling
efforts intensified around the world, which dragged crude prices
lower.
Encana lost 3% on the day while Enbridge tumbled 2.7%.
On the other side, the tech sector rose along with the
materials group.
The index shed 39.71 points or 0.3% to 15,575.81.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.20 at $ 36.75
Agrium Incorporated———-dn $ 3.00 at $136.88
Buhler Industries————– $ 0.00 at $ 4.60
Maple Leaf Foods————-up $ 0.14 at $ 29.13
Potash Corp. of Sask———dn $ 0.63 at $ 24.58
(All figures are in Canadian dollars.)
