Canadian Financial Close: Loonie falls after BoC decision

By Commodity News Service Canada

WINNIPEG, September 7 – The Canadian dollar weakened
against its US counterpart Wednesday, on the heels of bearish
comments from the Bank of Canada.
BoC Governor Stephen Poloz said the current economic
conditions didn’t warrant a change to the benchmark interest
rate.
The Canadian dollar closed at US$0.7752 or US$1=C$1.2900,
which compares with Tuesday’s close of US$0.7784, or
US$1=C$1.2847.
The S&P/TSX Composite Index also fell in the wake of the
comments.
Losses in the telecom sector and consumer companies also
pointed the way lower.
The index declined 16.37 points, or 0.11%, to close at
14,796.65.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.13 at $ 37.16
Agrium Incorporated———-up $ 1.46 at $125.18
Buhler Industries————– $ 0.00 at $ 4.85
Maple Leaf Foods————-up $ 0.01 at $ 29.25
Potash Corp. of Sask———up $ 0.05 at $ 22.77

(All figures are in Canadian dollars.)