Canadian Financial Close: TSX weakens with metals, crude oil

By Commodity News Service Canada

WINNIPEG, September 23 – The Canadian dollar dropped
sharply to end the week as disappointing domestic retail sales
and inflation data pointed the way lower.
Retail sales dipped 0.1% in July while the annual inflation
rate was 1.1% lower.
The Canadian dollar closed at US$0.7592 or US$1=C$1.3171,
which compares with Thursday’s close of US$0.7656, or
US$1=C$1.3062.
The S&P/TSX Composite Index also finished on a weaker tone.
Widespread losses in several commodities were largely
responsible for the downturn.
Crude oil, silver, gold and natural gas all posted losses
while copper fought to stay unchanged.
The index lost 99.25 points, or 0.67%, to close at
14,697.93.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.10 at $ 38.10
Agrium Incorporated———-dn $ 0.05 at $120.97
Buhler Industries————up $ 0.04 at $ 4.55
Maple Leaf Foods————-dn $ 0.53 at $ 29.79
Potash Corp. of Sask———dn $ 0.32 at $ 21.00

(All figures are in Canadian dollars.)