By Commodity News Service Canada
WINNIPEG, Dec. 6 – The Canadian dollar fell slightly at
close Wednesday as the price of oil hit its lowest price in more
than a month.
United States crude slid nearly three per cent Wednesday,
marking its biggest decline in more than two months. A sharp
rise in U.S. inventories of refined fuel suggested demand may be
flagging. Brent crude futures ended down US$1.64, or 2.6 per
cent, to US$61.22 for its lowest close since Nov. 2.
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The Bank of Canada left its interest rates steady Wednesday
as had been expected. The bank reiterated its pledge to be
cautious, but said more hikes will be required over time amid
diminishing slack in the labour market and signs of inflation
pressures.
The Canadian dollar settled Wednesday at US$0.7839 or
C$1.2757, compared to Tuesday’s North America close of US$0.7886
or C$1.2680.
In Toronto, the S&P/TSX Composite Index dropped Wednesday
by 5.05, or 0.03 per cent, to 15,910.63.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.36 at $ 19.15
Agrium Incorporated———-dn $ 1.06 at $133.83
Buhler Industries————unchanged at $ 4.60
Maple Leaf Foods————-up $ 0.24 at $ 35.82
Potash Corp. of Sask———dn $ 0.22 at $ 23.85
(All figures are in Canadian dollars.)
