Canadian Financial Close: Loonie Falls With Oil

By Commodity News Service Canada

WINNIPEG, December 10 – The Canadian dollar declined relative to its US counterpart on Thursday, as weak oil prices continued to trip up the loonie. Investors are keenly watching for the release of US retail sales data on Friday.

The Canadian dollar closed at US$0.7336 or US$1 = C$1.3632.

The TSX posted solid gains Thursday, as investors went shopping for deals after values plunged earlier this week. The energy sector led the way rising 1.2%.

The S&P/TSX Composite Index rose 79.00 points, or 0.61%, to 13,016.59.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.46 at $ 31.91
Agrium Incorporated———-up $ 0.28 at $131.00
Buhler Industries————– $ 0.00 at $ 5.55
Maple Leaf Foods————-up $ 0.08 at $ 21.71
Potash Corp. of Sask———up $ 0.12 at $ 24.47
(All figures are in Canadian dollars.)