Canadian Financial Close: C$ ends down with crude oil

By Commodity News Service Canada

WINNIPEG, Aug. 29 (CNS Canada) – The Canadian dollar was weaker on Monday, as losses in crude oil and broad-based strength in the US dollar index weighed on the currency.

The Canadian dollar closed at US$0.7679 or US$1=C$1.3022, which compares with Friday’s close of US$0.7692, or US$1=C$1.3000.

Crude oil was down on Monday following news of increased output from OPEC countries.

The S&P/TSX Composite Index was stronger on Monday, gaining 42.09 points, or 0.29%, to close at 14,681.97.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.58 at $ 36.00
Agrium Incorporated———-up $ 0.75 at $116.53
Buhler Industries———— $ 0.00 at $ 4.76
Maple Leaf Foods————-dn $ 0.28 at $ 28.77
Potash Corp. of Sask———up $ 0.04 at $ 20.90
(All figures are in Canadian dollars.)