By Commodity News Service Canada
WINNIPEG, June 11 (CNS) – The Canadian dollar continued its
downward spiral Monday, as fallout from the G7 summit continued.
The Canadian dollar settled Monday at US$0.7696 or
C$1.2993, compared to Friday’s North American close of US$0.7715
or C$1.2962.
United States President Donald Trump took aim at Canada
following the G7 meeting over the weekend. Uncertainty over
Canada’s future trade with the U.S. pressured the dollar.
Oil prices were down slightly Monday, as comments from the
Iraqi oil minister cast doubt as to whether the Organization of
the Petroleum Exporting Countries would decide to boost output
at its upcoming meeting. Brent crude dropped seven cents to
US$76.39 per barrel.
In Toronto, the TSX/S&P Composite rose Monday, supported by
gains in materials and financial shares. The TSX/S&P added 60.60
points, or 0.37 per cent, to 16,263.29.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.03 at $ 15.69
Buhler Industries————unchanged at $ 3.88
Maple Leaf Foods————-dn $ 0.04 at $ 30.81
Nutrien Ltd.—————–up $ 0.44 at $ 68.53
(All figures are in Canadian dollars.)
