Canadian Financial Close: TSX rises with oil, Blackberry

By Commodity News Service Canada

WINNIPEG, September 28 – The Canadian dollar chalked up
gains against its US counterpart on Wednesday, taking strength
from higher crude oil prices.
The Canadian dollar closed at C$0.7628 or US$1.3109,
compared to Tuesday’s close of C$0.7574 or US$1=C$1.3203.
The S&P/TSX Composite Index surged as broad-based strength
in the financial, materials and energy sector pointed the way
higher.
OPEC’s announcement that it intends to slash oil production
has reverberated throughout global markets with a bullish
effect.
As well, Blackberry’s decision to get out of the handset-
making business propelled the Canadian-based company to its
highest point in six months.
The index rose 173.39 points, or 1.19%, to close at
14,731.43.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.90 at $ 38.05
Agrium Incorporated———-dn $ 0.24 at $119.40
Buhler Industries————– $ 0.00 at $ 4.52
Maple Leaf Foods————-up $ 0.21 at $ 29.90
Potash Corp. of Sask———up $ 0.21 at $ 21.38

(All figures are in Canadian dollars.)