Canadian Financial Close: Canadian dollar sits steady

By Commodity News Service Canada

WINNIPEG, Nov. 10 – The Canadian dollar was little changed
Friday as oil prices fell slightly along with the TSX.

Oil prices slid Friday as expectations OPEC and other
producers will extend their production cut agreement were offset
by American drillers adding the most oils rigs in a week since
June, indicating output will continue to grow. Brent crude fell
38 cents, or 0.6 per cent, to US$63.55 a barrel.

The Canadian dollar settled Friday at US$0.7885 or
C$1.2683, compared to Thursday’s North America close of
US$0.7879 or C$1.2692.

In Toronto, the S&P/TSX Composite Index was down 42.83
points, or 0.27 per cent, to 16,040.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.07 at $ 18.16
Agrium Incorporated———-dn $ 0.51 at $135.50
Buhler Industries————unchanged at $ 4.60
Maple Leaf Foods————-dn $ 0.26 at $ 33.34
Potash Corp. of Sask———dn $ 0.10 at $ 24.18

(All figures are in Canadian dollars.)


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