By Commodity News Service Canada
WINNIPEG, June 14 – The Canadian dollar suffered modest
losses against its American counterpart Tuesday as lower oil
prices weighed down the loonie.
The Canadian dollar closed at US$0.7780 or US$1=C$1.2853,
which compares with Monday’s close of US$0.7808, or
US$1=C$1.2807.
The Standard & Poor’s/TSX Composite Index fell 109.65
points, or 0.78%, to 13,884.23 on Tuesday, as uncertainty over
the global economic picture cast a bearish tint over the trading
floor.
Traders are also keenly waiting to see whether the US
Federal Reserve and the Bank of Japan adjust their interest
rates.
Royal Bank of Canada fell 1.8% on the day.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.46 at $ 35.60
Agrium Incorporated———-up $ 0.92 at $120.80
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.10 at $ 28.16
Potash Corp. of Sask———dn $ 0.46 at $ 21.63
(All figures are in Canadian dollars.)
