By Commodity News Service Canada
WINNIPEG, January 18 – The Canadian dollar dropped against
its US counterpart Wednesday after the Bank of Canada hinted at
a possible rate cut.
The Canadian dollar closed at C$0.7542 or US$1=C$1.3259,
compared to Tuesday’s close of C$0.7658 or US$1=C$1.3058.
The S&P/TSX Composite Index fell on Wednesday, due to lower
crude prices.
The Toronto Stock Exchange’s energy group tumbled 1.4%.
The index fell 43.51 points or 0.3% to 15,397.85.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.10 at $ 36.28
Agrium Incorporated———-dn $ 2.07 at $134.35
Buhler Industries————– $ 0.00 at $ 4.80
Maple Leaf Foods————-up $ 0.12 at $ 27.90
Potash Corp. of Sask———dn $ 0.44 at $ 24.08
(All figures are in Canadian dollars.)
