Canadian Financial Close: Loonie dips with commodities

By Commodity News Service Canada

WINNIPEG, September 16 – The Canadian dollar fell against
its US counterpart Friday, weighed down by widespread losses
among major commodities.
Crude oil, gold bullion and silver were all weaker, which
was bearish for the commodity-linked loonie.
The Canadian dollar closed at US$0.7568 or US$1=C$1.3214,
which compares with Thursday’s close of US$0.7599, or
US$1=C$1.3160.
The S&P/TSX Composite Index lost ground as energy companies
felt the pinch of lower crude oil prices. Financial firms also
posted minor losses.
The index declined 52.98 points, or 0.37%, to close at
14,450.69.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.59 at $ 36.23
Agrium Incorporated———-up $ 0.53 at $118.45
Buhler Industries————– $ 0.00 at $ 4.50
Maple Leaf Foods————-up $ 0.07 at $ 28.99
Potash Corp. of Sask———up $ 0.03 at $ 21.11

(All figures are in Canadian dollars.)