Canadian Financial Close: C$ Drops

By Commodity News Service Canada

WINNIPEG, January 4 – The Canadian dollar was weaker on Monday, as concerns over an economic slowdown in China and losses in crude oil weighed on the currency.
The Canadian dollar closed at US$0.7173 or US$1=C$1.3941, which compares with Thursday’s close of US$0.7225, or US$1=C$1.3840.
The TSX ended lower, with the Chinese economic concerns a major influence.
The S&P/TSX Composite Index lost 82.80 points, or
0.64%, to close at 12,927.15.

Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.23 at $ 34.22
Agrium Incorporated———-up $ 0.37 at $124.04
Buhler Industries————– $ 0.00 at $ 5.44
Maple Leaf Foods————-dn $ 0.20 at $ 23.56
Potash Corp. of Sask———up $ 0.50 at $ 24.20
(All figures are in Canadian dollars.)

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