By Commodity News Service Canada
WINNIPEG, May 12 – The Canadian dollar finished relatively
unchanged against its US counterpart on Friday. The loonie
milled around with little direction for much of the day near a
14-month low.
Concerns over the health of the Canadian banking sector
cast a bearish tint over the currency.
The Canadian dollar closed at US$0.7292 or C$1.3714,
compared to Thursday’s close of US$0.7296 or C$1.3706.
The S&P/TSX Composite Index suffered mild losses on the
day, weighed down by losses in the financial sector.
Home Capital Group finished the day with a loss of 15.5 per
cent.
WestJet fell 4.2% after the company’s pilots announced they
want to start a union.
The index dropped by 12.67 points, or 0.1%, to 15,537.88.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.17 at $ 25.31
Agrium Incorporated———-dn $ 0.12 at $124.67
Buhler Industries————– $ 0.00 at $ 4.51
Maple Leaf Foods————-up $ 0.26 at $ 33.79
Potash Corp. of Sask———dn $ 0.02 at $ 22.37
(All figures are in Canadian dollars.)
