Canadian Financial Close: TSX Declines With Weak Bank Stocks

By Commodity News Service Canada

WINNIPEG, February 24 – The Canadian dollar advanced against its US counterpart Wednesday, rebounding from yesterday’s losses. The Canadian dollar closed at US$0.7306 or US$1 = C$1.3687.

The Standard & Poor’s/TSX Composite Index fell lower Wednesday, as losses in bank stocks dragged on values. The downward momentum erased gains in crude oil and energy stocks.

The S&P/TSX Composite Index declined 23.19 points, or 0.18%, to 12,740.25.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.37 at $ 36.59
Agrium Incorporated———-dn $ 0.35 at $112.54
Buhler Industries————– $ 0.00 at $ 5.03
Maple Leaf Foods————-up $ 0.05 at $ 22.99
Potash Corp. of Sask———up $ 0.69 at $ 22.66

(All figures are in Canadian dollars.)