Canadian Financial Close: C$ Lifts With Oil

By Commodity News Service Canada

WINNIPEG, December 14 – The Canadian dollar closed higher relative to its US counterpart on Monday, as a brief surge in oil helped give life to the loonie.

The Canadian dollar closed at US$0.7279 or US$1 = C$1.3738.

The TSX posted posted losses to start the week. Declines in metal and energy were prompted by fears of rising interest rates.

The S&P/TSX Composite Index fell 94.46 points, or 0.74%, to 12,695.49.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 1.19 at $ 30.41
Agrium Incorporated———-dn $ 1.53 at $127.74
Buhler Industries————dn $ 0.11 at $ 5.44
Maple Leaf Foods————-up $ 0.02 at $ 21.76
Potash Corp. of Sask———dn $ 0.82 at $ 23.02
(All figures are in Canadian dollars.)