Canadian Financial Close: TSX, C$ Fall With Crude Oil

By Commodity News Service Canada

WINNIPEG, March 14 – The Canadian dollar declined against
its US counterpart Monday, as losses in crude oil weighed down
commodities in general. Investors are keenly looking ahead to
Wednesday when the US central bank is expected to address the
issue of adjustments to the interest rate.
The Canadian dollar closed at US$0.7537 or US$1 = 1.3267
which compared with Thursday’s close of US$0.7558 or US$1 =
C$1.3231.
The Standard & Poor’s/TSX Composite Index slipped on
Monday, after Iran confirmed it had no plans to freeze oil
production in tandem with other OPEC members. Toronto’s energy
group fell lower while traders took profits on bullion which put
pressure on the gold sector.
The S&P/TSX Composite Index fell 44.46 points, or 0.33%, to
13,477.54.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.66 at $ 38.46
Agrium Incorporated———-up $ 1.40 at $119.37
Buhler Industries————– $ 0.00 at $ 4.95
Maple Leaf Foods————-dn $ 0.14 at $ 27.09
Potash Corp. of Sask———up $ 0.19 at $ 24.35

(All figures are in Canadian dollars.)