By Commodity News Service Canada
WINNIPEG, June 16 (CNS Canada) – The Canadian dollar was weaker on Thursday, as declines in crude oil weighed on the energy-linked currency.
A generally stronger tone in the US dollar index following yesterday’s US Federal Reserve interest rate announcement also kept the Canadian currency under pressure throughout Thursday’s session.
The Canadian dollar closed at US$0.7715 or US$1=C$1.2961, which compares with Wednesday’s close of US$0.7736, or US$1=C$1.2926.
The TSX ended lower, with losses in crude oil and the rising US dollar behind some of the day’s weakness. The S&P/TSX Composite Index was down 41.04 points, or 0.29%, to close at 13,882.41.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–dn $ 0.38 at $ 34.61
Agrium Incorporated———-dn $ 0.01 at $120.14
Buhler Industries————– $ 0.00 at $ 4.91
Maple Leaf Foods————-dn $ 0.05 at $ 28.10
Potash Corp. of Sask———dn $ 0.11 at $ 21.45
(All figures are in Canadian dollars.)
