Canadian Financial Close: Loonie weakens prior to job reports

By Commodity News Service Canada

WINNIPEG, July 7 – The Canadian dollar weakened slightly
against its American counterpart on Thursday, just a day before
the release of two crucial job reports.
Most analysts expect the US to add 180,000 jobs while
Canada’s total is pegged at a more modest 5,000 positions, as of
June.
Mixed signals about the state of the global financial
market and the lingering aftermath of the Brexit continue to
weigh on investor sentiments.
The Canadian dollar closed at US$0.7691 or US$1=C$1.3003,
which compares with Wednesday’s close of US$0.7717, or
US$1=C$1.2959.
The TSX declined as investors shunned risky assets in
favour of safe havens.
Lower oil prices added to the downside.
The S&P/TSX Composite Index dropped 96.60 points, or 0.07%,
to close at 14,134.46.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.37 at $ 33.92
Agrium Incorporated———-up $ 0.28 at $115.66
Buhler Industries————– $ 0.00 at $ 4.75
Maple Leaf Foods————-up $ 0.20 at $ 28.18
Potash Corp. of Sask———dn $ 0.10 at $ 20.78

(All figures are in Canadian dollars.)