Canadian Financial Close: Loonie drops below 80 US cents

Posted

By Commodity News Service Canada


WINNIPEG, October 2 – The Canadian dollar dipped below the

80 US cent mark on Monday, tracking losses in crude oil prices,

gold bullion and natural gas.

Strength in the US dollar dragged down the loonie, as

expectations mounted for a US interest rate hike.

The Canadian dollar ended Monday at US$0.7997 cents or

C$1.2505, compared to Friday’s North American close of

US$0.8013 or C$1.2480.

Canada’s main stock index was bolstered by gains in

financial and mining.

In Toronto, the S&P/TSX Composite Index rose by 16.69

points, or 0.11% to 15,634.94.

Canada’s agricultural sector performed as follows:


AGT Food and Ingredients—–up $ 0.50 at $ 24.94

Agrium Incorporated———-up $ 0.07 at $133.72

Buhler Industries————– $ 0.00 at $ 4.45

Maple Leaf Foods————-up $ 1.12 at $ 35.13

Potash Corp. of Sask———dn $ 0.03 at $ 23.99


(All figures are in Canadian dollars.)