By Commodity News Service Canada
WINNIPEG, May 28 (CNS) – The Canadian dollar dropped in
value Monday, weighed down by a drop in the price oil.
The Canadian dollar settled Monday at US$0.7692 or
C$1.3001, compared to Friday’s North American close of US$0.7708
or C$1.2974.
Oil prices slipped Monday as Saudi Arabia said they may
increase supplies while U.S. production gains show no sign of
slowing. United States crude dropped 2.1 per cent to US$66.47
per barrel.
In Toronto, the TSX/S&P Composite fell Monday, as weaker
oil prices weighed on energy shares, while materials and
financials also lost ground. The TSX/S&P dropped 59.53 points,
or 0.37 per cent, to 16,016.14.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.12 at $ 15.97
Buhler Industries————unchanged at $ 3.61
Maple Leaf Foods————-dn $ 0.03 at $ 29.63
Nutrien Ltd.—————–dn $ 0.12 at $ 65.62
(All figures are in Canadian dollars.)
