By Commodity News Service Canada
WINNIPEG, March 28 – The Canadian dollar was dragged down
Wednesday by a drop in the price of oil and the stock market.
The Canadian dollar settled Wednesday at US$0.7751 or
C$1.2902, compared to Tuesday’s North American close of
US$0.7771 or C$1.2869.
Oil prices fell about one per cent Wednesday, after data
showed United States crude inventories unexpectedly rose 1.6
million barrels last week, weighing on market sentiment. Brent
crude fell 70 cents to US$68.76 per barrel.
In Toronto, the TSX/S&P Composite closed at a six-week low
on Wednesday as a retreat in gold and oil prices weighed on
mining and energy companies, though a bounce in retailers helped
curb declines. The TSX/S&P dropped 46.24 points, or 0.3 per
cent, to 15,169.94.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.07 at $ 16.45
Buhler Industries————up $ 0.03 at $ 4.08
Maple Leaf Foods————-up $ 0.26 at $ 31.18
Nutrien Ltd.—————–dn $ 1.63 at $ 59.24
(All figures are in Canadian dollars.)
