By Commodity News Service Canada
WINNIPEG, July 18 (CNS) – The Canadian dollar continued to
weaken against its U.S. counterpart on Wednesday, amid turmoil
in international markets.
Losses in natural gas undermined the commodity-backed
loonie.
The loonie finished at US$0.7573 or C$1.3204, compared to
Tuesday’s North American close of US$0.7583 or C$1.3187.
It was a stronger day for Canadian bonds as the 10-year
note rose from 2.148% to 2.122%.
The S&P/TSX Composite Index sunk 41.84 points, or 0.25%, to
16,477.40.
The market was pulled down by losses in lumber and energy
companies. Domestic lumber giants Norbord, Canfor and Interfor
all posted losses.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.05 at $ 14.87
Buhler Industries————dn $ 0.03 at $ 3.60
Maple Leaf Foods————-dn $ 0.47 at $ 33.98
Nutrien Ltd.—————–dn $ 0.74 at $ 68.82
(All figures are in Canadian dollars.)
