Canadian Financial Close: TSX, C$ Suffer Losses To End Week
By Commodity News Service Canada
WINNIPEG, January 15 – The Canadian dollar fell lower Friday as plunging crude oil prices weighed down the loonie. Part of the drop was likely tied to speculation the Bank of Canada will cut the interest rate next week, a report said.
The Canadian dollar closed at US$0.6882 or US$1 = C$1.4530.
The TSX suffered more losses Friday as crude oil prices sunk below US$30 a barrel. On the positive side, bullion prices chalked up their biggest gains in six weeks.
The S&P/TSX Composite Index declined 262.57 points, or 2.13%, to 12,073.46.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.09 at $ 36.19
Agrium Incorporated———— $ 0.00 at $123.84
Buhler Industries————– $ 0.00 at $ 5.14
Maple Leaf Foods————-dn $ 0.55 at $ 22.56
Potash Corp. of Sask———up $ 0.40 at $ 23.70
(All figures are in Canadian dollars.)