Canadian Financial Close: Loonie sinks against US greenback

By Commodity News Service Canada

WINNIPEG, October 20 – The Canadian dollar finished lower
against its US counterpart on Thursday. Uncertainty over the
state of global markets was a key feature behind the dip, a
trader said.
Losses in gold and oil added to the bearish tone.
The Canadian dollar closed at C$0.7563 or US$1.3122,
compared to Wednesday’s close of C$0.7618 or US$1=C$1.3127.
The S&P/TSX Composite Index finished slightly higher
Thursday, as recent strength in mining and energy companies beat
back bearish returns from consumer groups.
The index ticked upward by 7.78 points, or 0.05%, to close
at 14,848.27.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients——- $ 0.00 at $ 39.00
Agrium Incorporated———-dn $ 0.13 at $119.26
Buhler Industries————– $ 0.00 at $ 4.45
Maple Leaf Foods————-dn $ 0.31 at $ 30.42
Potash Corp. of Sask———up $ 0.06 at $ 21.43

(All figures are in Canadian dollars.)

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