By Commodity News Service Canada
WINNIPEG, July 22 – The Canadian dollar hit a four-month
low relative to its US counterpart on Monday due to a slump in
oil prices. Contract values for crude fell 2.5% in New York,
which in turn dragged on multiple currencies, including the
loonie.
The Canadian dollar closed at US$0.7564 or US$1=C$1.3220,
which compares with Friday’s close of US$0.7607, or
US$1=C$1.3146.
The S&P/TSX Composite Index suffered losses to start the
week, pushed down by energy and financials.
Toronto’s heavily-weighted energy group declined 3.7% with
traders taking some profits.
The index fell 102.56 points, or 0.70%, to close at
14,498.16.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.24 at $ 33.70
Agrium Incorporated———-up $ 0.13 at $121.60
Buhler Industries————– $ 0.00 at $ 4.76
Maple Leaf Foods————-up $ 0.09 at $ 29.57
Potash Corp. of Sask———up $ 0.03 at $ 22.32
(All figures are in Canadian dollars.)
