Canadian Financial Close: C$ falters with poor economic data

By Commodity News Service Canada

WINNIPEG, May 31 – The Canadian dollar declined against its
US counterpart on Tuesday as news of sputtering economic growth
in Canada led investors to the sidelines. Lower oil prices were
also bearish.
The Canadian dollar closed at US$0.7628 or US$1=C$1.3110,
which compares with Monday’s close of US$0.7662, or
US$1=C$1.3051.
The Standard & Poor’s/TSX Composite Index sunk lower
Tuesday, as the Bank of Nova Scotia’s poor earnings weighed down
the market.
The financial services sector also had a tough day as it
fell 1%, putting pressure on stocks.
The S&P/TSX Composite index fell 20.89 points, or 0.15%, to
14,665.67.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.27 at $ 37.44
Agrium Incorporated———-dn $ 0.44 at $118.35
Buhler Industries————up $ 0.10 at $ 5.00
Maple Leaf Foods————-dn $ 0.09 at $ 29.45
Potash Corp. of Sask———dn $ 0.26 at $ 21.40

(All figures are in Canadian dollars.)