Canadian Financial Close: TSX slumps with energy issues

By Commodity News Service Canada

WINNIPEG, January 25 – The Canadian dollar fell lower against its US counterpart Monday. Weak oil prices and indications from Saudi Arabia that it is not prepared to lower its oil production, were bearish for the market.
The Canadian dollar closed at US$0.7008 or US$1 = C$1.4270.
The TSX posted substantial losses Monday after energy stocks dropped due to crude oil weakness. Gold bullion did rise however as investors sought a safe haven to park their money.
The S&P/TSX Composite Index fell 246.42 points, or 1.99%, to 12,143.16.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 2.80 at $ 34.10
Agrium Incorporated———-dn $ 3.41 at $120.91
Buhler Industries————– $ 0.00 at $ 5.00
Maple Leaf Foods————-dn $ 0.08 at $ 22.60
Potash Corp. of Sask———dn $ 1.62 at $ 21.16

(All figures are in Canadian dollars.)