By Commodity News Service Canada
WINNIPEG, June 5 (CNS) – The Canadian dollar dropped
against its U.S. counterpart on Tuesday, due to worries about
the trade relationship between Canada and the United States.
Investors reacted nervously to word U.S. President Donald
Trump wanted to pursue bilateral trade relationships with Mexico
and Canada.
The loonie took support from gains in crude oil prices and
gold bullion.
However, losses in natural gas were bearish for the
commodity-backed currency.
Canadian government bonds posted gains on the day,
following advances in U.S. Treasurys.
The Canadian dollar settled Tuesday at US$0.7696 or
C$1.2993, compared to Monday’s North American close of
US$0.7735 or C$1.2928.
The S&P/TSX Composite Index finished higher, rising 70.01
points, or 0.44%, to 16,122.25.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.05 at $ 15.95
Buhler Industries————– $ 0.00 at $ 3.61
Maple Leaf Foods————-dn $ 0.25 at $ 30.85
Nutrien Ltd.—————–up $ 0.50 at $ 65.70
(All figures are in Canadian dollars.)
