Canadian Financial Close: Loonie closes lower for the week

By Commodity News Service Canada

WINNIPEG, Dec. 15 – The Canadian dollar fell slightly at
close Friday led by losses in the price of oil but capped by
gains in the stock markets.

Oil prices were mixed Friday, lingering below two-year
highs supported by the continuing outage of a North Sea pipeline
and Organization of Petroleum Exporting Countries led production
cuts, while climbing United States output restricted gains.
Brent crude futures were down four per cent to US$63.27 per
barrel. However West Texas Intermediate crude futures rose 25
cents to US$57.29 per barrel.

The Canadian dollar settled Friday at US$0.7792 or
C$1.2834, compared to Thursday’s North America close of
US$0.7809 or C$1.2805.

In Toronto, the S&P/TSX Composite Index rose 42.94 points,
or 0.27 per cent, to close at 16,059.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.14 at $ 20.01
Agrium Incorporated———-dn $ 0.32 at $141.97
Buhler Industries————up $ 0.02 at $ 4.21
Maple Leaf Foods————-up $ 0.70 at $ 36.66
Potash Corp. of Sask———dn $ 0.11 at $ 25.33

(All figures are in Canadian dollars.)


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