By Commodity News Service Canada
WINNIPEG, October 17 – The Canadian dollar lost more ground
against its US counterpart on Tuesday. The loonie was pressured
after Canada, the U.S. and Mexico announced they would be unable
to reach an agreement on the North American Free Trade Agreement
before the New Year.
Trade talks between Canada and the U.S. have been
noticeably tense on word American negotiators have been holding
firm with several demands.
Advances in crude oil prices were supportive for the
commodity-backed currency.
However, losses in gold bullion and natural gas limited the
gains.
The Canadian dollar ended Tuesday at US$0.7969 cents or
C$1.2548, compared to Monday’s North American close of
US$0.7981 or C$1.2529.
In Toronto, the S&P/TSX Composite Index rose 14.20 points,
or 0.09% to 15,816.90.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.16 at $ 20.91
Agrium Incorporated———-dn $ 1.85 at $134.32
Buhler Industries————– $ 0.00 at $ 4.33
Maple Leaf Foods————-dn $ 0.29 at $ 33.00
Potash Corp. of Sask———dn $ 0.30 at $ 24.01
(All figures are in Canadian dollars.)
