By Commodity News Service Canada
WINNIPEG, October 20 – The Canadian dollar suffered solid
losses against its US counterpart on Friday, feeling the effects
of bearish retail sales and inflation reports. Both reports
missed analysts’ estimates, which sent the loonie reeling.
Losses in gold bullion contributed to the downside.
However, gains in crude oil and natural gas limited the
declines.
The Canadian dollar settled on Friday at US$0.7936 cents or
C$1.2601, compared to Thursday’s North American close of
US$0.8014 or C$1.2578.
In Toronto, the S&P/TSX Composite Index rose 39.22 points,
or 0.25% to 15,857.22.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.15 at $ 20.72
Agrium Incorporated———-up $ 1.24 at $135.79
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-dn $ 0.29 at $ 32.62
Potash Corp. of Sask———up $ 0.27 at $ 24.31
(All figures are in Canadian dollars.)
