Canadian Financial Close: C$ weakens again with crude oil

By Commodity News Service Canada

WINNIPEG, January 12 – The Canadian dollar was weaker on Tuesday, hitting its lowest levels in nearly thirteen years relative to its US counterpart.
Losses in crude oil accounted for much of the weakness in the energy-linked currency.
The Canadian dollar closed at US$0.7014 or US$1=C$1.4257, which compares with Monday’s close of US$0.7031, or US$1=C$1.4223. The currency briefly dipped below the 70 cent mark.
The TSX ended higher, despite the losses in the energy sector. The S&P/TSX Composite Index gained 54.65 points, or 0.05%, to close at 12,373.90.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.50 at $ 34.10
Agrium Incorporated———-up $ 2.95 at $119.48
Buhler Industries————– $ 0.00 at $ 5.14
Maple Leaf Foods————-up $ 0.11 at $ 23.09
Potash Corp. of Sask———up $ 0.25 at $ 22.21
(All figures are in Canadian dollars.)