By Commodity News Service Canada
WINNIPEG, February 6 – The Canadian dollar declined against
its US counterpart on Monday amid speculation Europe would
maintain “dovish” monetary policies.
Losses in crude oil contributed to the bearish tone.
The Canadian dollar closed at C$0.7641 or US$1=C$1.3087,
compared to Friday’s close of C$0.7676 or US$1=C$1.3028.
The S&P/TSX Composite Index suffered modest losses to start
the week tracking declines in the oil and gas sector.
Husky Energy fell 3.4% while Cenovus dropped 3.3%.
The industrial sector was also weaker with WestJet posting
a loss of 1.1%.
The index fell 19.45 points or 0.1% to 15,456.94.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.49 at $ 35.76
Agrium Incorporated———-dn $ 0.59 at $134.00
Buhler Industries————up $ 0.14 at $ 4.60
Maple Leaf Foods————-dn $ 0.21 at $ 29.87
Potash Corp. of Sask———dn $ 0.07 at $ 24.12
(All figures are in Canadian dollars.)
