Canadian Financial Close: TSX Drops As Selloff Continues

By Commodity News Service Canada

WINNIPEG, January 20 – The Canadian dollar posted advances
against its US counterpart Wednesday in the wake of the Bank of
Canada’s decision not to raise the interest rate. The central
bank kept its policy steady at 0.50%.
The Canadian dollar closed at US$0.6901 or US$1 = C$1.4490.
The TSX dropped Wednesday as investors dumped equities in
the face of slumping global markets and concerns over the
Chinese economy.
The S&P/TSX Composite Index fell 159.13 points, or 1.33%,
to 11,843.11.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.30 at $ 36.53
Agrium Incorporated———-up $ 0.38 at $125.23
Buhler Industries————– $ 0.00 at $ 5.00
Maple Leaf Foods————-dn $ 0.25 at $ 22.15
Potash Corp. of Sask———dn $ 0.05 at $ 23.60

(All figures are in Canadian dollars.)