Canadian Financial Close: C$ slumps at week’s end

By Commodity News Service Canada

WINNIPEG, May 25 (CNS) – The Canadian dollar slumped
against its U.S. counterpart on Friday. The loonie was pressured
by losses in crude oil prices and gold.
Both Russia and Saudi Arabia are openly talking about
increasing oil production, which sent more bearish trade-winds
through the market.
The Canadian dollar settled Friday at US$0.7707 or
C$1.2974, compared to Thursday’s North American close of
US$0.7757 or C$1.2891.
The S&P/TSX Composite Index fell 37.95 points, or 0.24%, to
16,075.67. Losses were felt at other major markets throughout
the globe too as the Dow Jones, Shanghai Composite and Hang Seng
all suffered losses.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.08 at $ 15.85
Buhler Industries————dn $ 0.09 at $ 3.61
Maple Leaf Foods————-up $ 0.39 at $ 29.66
Nutrien Ltd.—————–dn $ 0.20 at $ 65.74

(All figures are in Canadian dollars.)

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