By Commodity News Service Canada
WINNIPEG, December 17 – The Canadian dollar ended lower relative to its US counterpart on Thursday, as tumbling equity stocks and losses in gold dragged down the loonie. The Canadian dollar hit a new 11-year low.
The Canadian dollar closed at US$0.7168 or US$1 = C$1.3950.
The TSX dropped Thursday following weakness in the gold sector. Barrick Gold led the way falling 8%.
The S&P/TSX Composite Index fell 156.15 points, or 1.19%, to 13,009.08.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients—–up $ 0.09 at $ 31.83
Agrium Incorporated———-dn $ 1.61 at $128.67
Buhler Industries————– $ 0.00 at $ 5.44
Maple Leaf Foods————-dn $ 0.04 at $ 22.80
Potash Corp. of Sask———dn $ 0.59 at $ 24.01
(All figures are in Canadian dollars.)
