By Commodity News Service Canada
WINNIPEG, August 29 (CNS) – The Canadian dollar softened in
value relative to its American counterpart on Wednesday,
following losses in gold and silver.
Canada’s current account deficit shrank last quarter due to
strong exports. The deficit came in at C$15.88 billion compared
to the previous balance of C$17.48 billion.
The loonie finished at US$0.7733 or C$1.2931, compared to
Tuesday’s North American close of US$0.7742 or C$1.2917.
The S&P/TSX Composite Index rose 34.75 points, or 0.21%, to
16,390.29. The market mixed around for much of the morning as
investors waited to hear developments regarding NAFTA talks
between Canada and the United States.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.02 at $ 18.30
Buhler Industries————up $ 0.02 at $ 3.62
Maple Leaf Foods————-up $ 0.06 at $ 31.41
Nutrien Ltd.—————–up $ 1.36 at $ 74.29
Rocky Mountain Dealerships—up $ 0.02 at $ 10.44
Linamar Corp—————–up $ 0.79 at $ 58.45
Ritchie Bros. Auctioneers—-dn $ 0.07 at $ 49.00
(All figures are in Canadian dollars.)
