By Commodity News Service Canada
WINNIPEG, May 9 – The Canadian dollar ended lower against
its US counterpart on Monday due to weakness in oil prices.
Fresh housing data may have helped temper the gains
somewhat. Housing starts in the country largely met industry
projections.
The Canadian dollar closed at US$0.7714 or US$1=C$1.2963,
which compares with Friday’s close of US$0.7741, or
US$1=C$1.2919.
The Standard & Poor’s/TSX Composite Index declined Monday,
as energy and resource stocks fell further.
In contrast, the materials group posted advances of 4.5% in
response to Chinese trade data.
The S&P/TSX Composite dropped 137.63 points or 1.0% to
settle at 13,563.84.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.08 at $ 39.98
Agrium Incorporated———-up $ 0.69 at $109.62
Buhler Industries————– $ 0.00 at $ 4.86
Maple Leaf Foods————-dn $ 0.06 at $ 29.17
Potash Corp. of Sask———dn $ 0.29 at $ 20.24
(All figures are in Canadian dollars.)
