Canadian Financial Close: C$ weakens slightly

By Commodity News Service Canada

WINNIPEG, April 14 (CNS Canada) – The Canadian dollar was weaker on Thursday, with declines in crude oil weighing on the energy-linked currency.

Chart-based activity contributed to the weaker tone, as prices continued to back away from the nine-month highs hit relative to its US counterpart earlier in the week.

The Canadian dollar closed at US$0.7783 or US$1=C$1.2849, which compares with Wednesday’s close of US$0.7803, or US$1=C$1.2815.

The TSX ended near unchanged. The S&P/TSX Composite Index was down 3.06 points, or 0.02%, to close at 13,668.29.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients—–dn $ 0.09 at $ 39.09
Agrium Incorporated———-dn $ 5.96 at $107.02
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-dn $ 0.57 at $ 25.92
Potash Corp. of Sask———dn $ 0.52 at $ 20.86
(All figures are in Canadian dollars.)