Canadian Financial Close: Loonie falls with housing data

By Commodity News Service Canada

WINNIPEG, September 8 – The Canadian dollar fell lower
against its US counterpart Thursday, in the wake of bearish
housing data.
According to the Canada Mortgage and Housing Corporation,
starts for new homes in the country declined 6.1% to an annual
rate of 182,703 units last month (Aug).
The Canadian dollar closed at US$0.7735 or US$1=C$1.2928,
which compares with Wednesday’s close of US$0.7752, or
US$1=C$1.2900.
The S&P/TSX Composite Index finished mostly unchanged in
lack luster trade.
Losses in gold issues were offset by gains in the energy
sector.
The index dipped 6.51 points, or 0.04%, to close at
14,803.26.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.18 at $ 36.98
Agrium Incorporated———-dn $ 0.87 at $124.31
Buhler Industries————– $ 0.00 at $ 4.85
Maple Leaf Foods————-up $ 0.13 at $ 29.38
Potash Corp. of Sask———dn $ 0.37 at $ 22.40

(All figures are in Canadian dollars.)