Canadian Financial Close: TSX Watches 8-day Rally Snap

By Commodity News Service Canada

WINNIPEG, March 8 – The Canadian dollar finished lower against its US counterpart Tuesday, as bearish trade data concerning China’s imports sent the market reeling.

The Canadian dollar closed at US$0.7454 or US$1 = 1.3416 which compared with Monday’s close of US$0.7532 or US$1 = C$1.3376.

The Standard & Poor’s/TSX Composite Index declined on Tuesday in the face of bearish Chinese trade data and concerns over the world financial picture. New numbers shows that China’s trade performance in February was worse than feared.

Energy, metals, mining and gold prices were all lower.

The S&P/TSX Composite Index fell 72.55 points, or 0.54%, to 13,311.05.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 1.17 at $ 38.55
Agrium Incorporated———-up $ 0.30 at $117.22
Buhler Industries————– $ 0.00 at $ 4.95
Maple Leaf Foods————— $ 0.00 at $ 26.20
Potash Corp. of Sask———dn $ 0.31 at $ 24.53

(All figures are in Canadian dollars.)