By Commodity News Service Canada
WINNIPEG, Jan. 10 – The Canadian dollar dropped Wednesday,
as news broke that Canada is increasingly convinced the United
States will pull the plug on the North American Free Trade
Agreement.
The Canadian dollar settled Wednesday at US$0.8003 or
C$1.2496, compared to Tuesday’s North American close of
US$0.8030 or C$1.2454.
Reuters reported Wednesday that Canada is increasingly
convinced U.S. President Donald Trump will soon announce that
the U.S. intends to pull out of NAFTA, according to two
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broke to 79.61 U.S. cents.
Oil prices jumped Wednesday, settling near three-year highs
after U.S. government data showed a drop in crude inventories
and production, even as fuel inventories rose. Brent crude
futures rose 38 cents to US$69.20 per barrel.
In Toronto, the TSX/S&P Composite Index fell Wednesday,
weighed down by railways, pipeline and other trade-sensitive
stocks. The TSX/S&P closed down 71.29 points, or 0.44 per cent,
to 16,247.95.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.56 at $ 20.41
Buhler Industries————unchanged at $ 4.60
Maple Leaf Foods————-dn $ 0.38 at $ 34.51
Nutrien Ltd.—————–dn $ 0.55 at $ 65.15
(All figures are in Canadian dollars.)
