By Commodity News Service Canada
WINNIPEG, January 16 – The Canadian dollar weakened against
its US counterpart Monday in thin trading. US markets were
closed in observance of Martin Luther King Jr. Day.
The Canadian dollar closed at C$0.7583 or US$1=C$1.3187,
compared to Friday’s close of C$0.7618 or US$1=C$1.3126.
The S&P/TSX Composite Index declined on Monday, as several
auto parts makers in North America felt pressure from recent
comments made by Donald Trump.
The US President-elect warned companies that stiff border
taxes could be imposed on imports.
Losses in the materials sector also weighed on the market.
The index fell 17.99 points or 0.12% to 15,479.29.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.06 at $ 36.73
Agrium Incorporated———-dn $ 0.14 at $138.35
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-up $ 0.29 at $ 27.73
Potash Corp. of Sask———dn $ 0.04 at $ 24.84
(All figures are in Canadian dollars.)
