By Commodity News Service Canada
Sept. 14 (CNS Canada) – Commodity driven currencies, such as Canada and Australia, faced losses today after data pointed to signs that the Chinese economy could be losing momentum. China is a major commodities buyer and a slowdown there could send ripples through its suppliers. Oil prices climbed today, counteracting some of the negative China news.
The Canadian dollar closed today at 81.98 cents U.S. or C$1.2198 per US$1. That’s a decline of .09% from yesterday’s close of 82.05 cents U.S., or C$1.2187 per US$1.
The S&P/TSX composite gained 45.91 points today, or 0.30%, to close at 15,172.72, with the energy and consumer staples sectors posting gains of 1.26% and 1.81% respectively.
WTI crude picked up 43 cents U.S. to close at US$49.73.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.35 at $ 25.74
Agrium Incorporated———-up $ 0.93 at $125.40
Buhler Industries————– $ 0.00 at $ 4.49
Maple Leaf Foods————-dn $ 0.14 at $ 33.72
Potash Corp. of Sask———up $ 0.16 at $ 22.33
(All figures are in Canadian dollars.)
