By Commodity News Service Canada
WINNIPEG, April 7 – The Canadian dollar declined against
its US counterpart on Thursday, as investors sought safe havens
in the wake of weaker commodity prices.
Worries over global economic growth led traders away from
assets deemed risky, according to an analyst.
The Canadian dollar closed at US$0.7608 or US$1 = 1.3144 on
Thursday which compared with Wednesday’s close of US$0.7637 or
US$1 = 1.3094.
The Standard & Poor’s/TSX Composite Index dropped on
Thursday, led by struggling energy stocks which are being
pressured by weaker oil prices.
The S&P/TSX Composite Index lost 80.79 points, or 0.32%, to
13,266.44.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.35 at $ 38.22
Agrium Incorporated———-dn $ 0.07 at $113.34
Buhler Industries————– $ 0.00 at $ 5.04
Maple Leaf Foods————-dn $ 0.11 at $ 27.32
Potash Corp. of Sask———dn $ 0.23 at $ 21.09
(All figures are in Canadian dollars.)
