Canadian Financial Close: TSX slips

Posted

By Commodity News Service Canada


WINNIPEG, Nov. 8 – The TSX slipped Wednesday as oil prices

fell.


Oil prices were down Wednesday as Chinese crude oil imports

were at their lowest point in a year. Although the overall

market remains well supported according to traders due to OPEC-

led supply cuts. United States crude fell 0.73 per cent to

US$56.78 per barrel and Brent crude was down 0.24 per cent to

US$63.54.


The Canadian dollar settled Wednesday at US$0.7856 cents or

C$1.2729, compared to Tuesday’s North America close of US$0.7822

cents or C$1.2782.


Weakness in the U.S. dollar accounted for some of the

strength in the Canadian dollar.


In Toronto, the S&P/TSX Composite Index was down 26.44,

0.16 per cent, to 16,110.


Canada’s agricultural sector performed as follows:


AGT Food and Ingredients—–dn $ 0.59 at $ 19.10

Agrium Incorporated———-dn $ 2.30 at $136.33

Buhler Industries————dn $ 0.15 at $ 4.60

Maple Leaf Foods————-dn $ 0.14 at $ 33.14

Potash Corp. of Sask———dn $ 0.11 at $ 24.38


(All figures are in Canadian dollars.)