Canadian Financial Close: TSX Recovers, C$ Still Under Pressure

By Commodity News Service Canada

WINNIPEG, January 14 – The Canadian dollar fell lower Thursday as skittish investors shied away from the commodity-linked currency. Weakness in crude oil contributed to the losses.

The Canadian dollar closed at US$0.6963 or US$1 = C$1.4362.

The TSX posted solid gains Thursday on the back of resurgent energy and copper stocks. Still, worries over Chinese economic growth and a sluggish crude market limited the gains.

The S&P/TSX Composite Index rose 165.62 points, or 1.36%, to 12,336.03.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 2.24 at $ 36.10
Agrium Incorporated———-up $ 4.22 at $123.84
Buhler Industries————– $ 0.00 at $ 5.14
Maple Leaf Foods————-dn $ 0.02 at $ 23.11
Potash Corp. of Sask———up $ 0.78 at $ 23.30

(All figures are in Canadian dollars.)