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Canadian Financial Close: Dollar trending lower over trade worries

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Published: June 15, 2018

By Commodity News Service Canada

WINNIPEG, June 15 (CNS) – The Canadian dollar fell in value
Friday, dragged down by ongoing international trade tensions.

The Canadian dollar settled Friday at US$0.7589 or
C$1.3177, compared to Thursday’s North American close of
US$0.7662 or C$1.3052.

Oil prices dropped Friday, ahead of an Organization of the
Petroleum Exporting Countries meeting in Vienna next week where
Russia and Saudi Arabia have indicated they are prepared to
increase output. Brent crude dropped US$2.56 to US$73.38 per
barrel.

In Toronto, the TSX/S&P Composite dropped Friday, dragged
down by shares of Toronto-Dominion Bank. The TSX/S&P lost 14.54
points, or 0.09 percent, to 16,314.42.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.29 at $ 14.98
Buhler Industries————dn $ 0.04 at $ 3.80
Maple Leaf Foods————-up $ 0.11 at $ 31.28
Nutrien Ltd.—————–up $ 0.29 at $ 70.60

(All figures are in Canadian dollars.)

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