By Commodity News Service Canada
WINNIPEG, October 4 – The Canadian dollar declined against
its American counterpart Tuesday. The US dollar strengthened
against several world currencies in the wake of the British
pound’s historic decline.
The Canadian dollar closed at C$0.7579 or US$1.3194,
compared to Monday’s close of C$0.7628 or US$1=C$1.3110.
The S&P/TSX Composite Index finished lower on Tuesday as
gold posted its biggest loss in nearly three years. Much of the
weakness was attributed to worries the US Fed may hike interest
rates in the next couple of months.
The banking sector in Canada also weakened as the Federal
government prepared to clamp down on mortgage rules.
The index dropped 168.12 points, or 1.10%, to close at
14,520.92.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.23 at $ 37.40
Agrium Incorporated———-dn $ 0.58 at $117.21
Buhler Industries————– $ 0.00 at $ 4.40
Maple Leaf Foods————-dn $ 0.08 at $ 29.96
Potash Corp. of Sask———dn $ 0.06 at $ 21.14
(All figures are in Canadian dollars.)
