Canadian Financial Close: C$ weakens with crude oil

By Commodity News Service Canada

WINNIPEG, Oct. 26 (CNS Canada) – The Canadian dollar was weaker on Wednesday, with losses in crude oil weighing on the currency.

The Canadian dollar closed at US$0.7473 or US$1=C$1.3382, which compares with Tuesday’s close of US$0.7490, or US$1=C$1.3352.

There were no significant domestic economic releases on Wednesday, although mounting expectations for a possible interest rate cut in Canada weighed somewhat on the currency.

The S&P/TSX Composite Index was weaker on Wednesday, losing 63.07 points, or 0.4%, to close at 14,807.56.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.04 at $ 37.63
Agrium Incorporated———-up $ 1.11 at $124.83
Buhler Industries———— $ 0.00 at $ 4.45
Maple Leaf Foods————-up $ 0.01 at $ 30.30
Potash Corp. of Sask———up $ 0.23 at $ 22.45
(All figures are in Canadian dollars.)