Canadian Financial Close: Loonie falls with jobs data

By Commodity News Service Canada

WINNIPEG, September 12 – The Canadian dollar fell lower
against its US counterpart Monday, as a bearish jobs report
pointed the way downward.
According to the latest numbers, the country’s unemployment
rate inched higher to 7.0%.
The Canadian dollar closed at US$0.7663 or US$1=C$1.3049,
which compares with Friday’s close of US$0.7735, or
US$1=C$1.2928.
The S&P/TSX Composite Index posted modest gains in the wake
of Friday’s deep selloff.
Speculation that central banks may no longer be willing to
use fiscal stimulus packages to rejuvenate their economies seems
to be dying down, according to reports.
The index rose 57.06 points, or 0.4%, to close at
14,597.06.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.03 at $ 36.77
Agrium Incorporated———-dn $ 3.10 at $121.04
Buhler Industries————– $ 0.00 at $ 4.85
Maple Leaf Foods————-dn $ 0.03 at $ 28.86
Potash Corp. of Sask———dn $ 0.31 at $ 21.83

(All figures are in Canadian dollars.)