By Commodity News Service Canada
June 21 – The Canadian dollar fell to .7513 cents US Wednesday (C$1.3310 per US$1), a drop of roughly a quarter of a cent.
The loonie closed at .7537 cents U.S. Tuesday (C$1.3267 per US$1.)
The Royal Bank of Canada announced it was laying off 450 employees as part of restructuring in the Toronto area. A bank official said RBC was consolidating and would direct the resulting cost savings into priority areas, such as digital, data and investments in high growth business areas.
Read Also
Canadian Financial Close: Loonie drops, new record for TSX
Glacier FarmMedia | MarketsFarm – The Canadian dollar tumbled on Friday but still ended the week slightly higher than the last….
Canada’s Minister of Agriculture Lawrence MacAulay vowed to protect the country’s supply management system in negotiations over the North American Trade Agreement with the United States and Mexico. Supply management, which operates in the poultry, egg and dairy industries, is widely criticized in the U.S. for its system of strict domestic production quotas and import tariffs.
The S&P/TSX Composite Index ended the day falling slightly by 1.07 points to 15,148.53, representing a .01 per cent dip.
In New York, the Dow Jones Industrial average fell 57.11 points to 21,410.03, a decline of .27 per cent. The S&P 500 fell .06 per cent or 1.42 points to close at 2,435.61 and the Nasdaq posted small gains of .74 per cent (45.92 points) to end the day at 6,233.95.
West Texas Intermediate crude finished the day at C$42.56, down 95 cents or 2.18 per cent.
Gold gained C$3.20 to close at C$1,246.70.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.15 at $ 24.10
Agrium Incorporated———-dn $ 0,02 at $122.36
Buhler Industries————– $ 0.00 at $ 4.21
Maple Leaf Foods————-dn $ 0.07 at $ 32.70
Potash Corp. of Sask———dn $ 0.05 at $ 21.85
(All figures are in Canadian dollars.)
