Canadian Financial Close: TSX slips

By Commodity News Service Canada

WINNIPEG, Nov. 8 – The TSX slipped Wednesday as oil prices
fell.

Oil prices were down Wednesday as Chinese crude oil imports
were at their lowest point in a year. Although the overall
market remains well supported according to traders due to OPEC-
led supply cuts. United States crude fell 0.73 per cent to
US$56.78 per barrel and Brent crude was down 0.24 per cent to
US$63.54.

The Canadian dollar settled Wednesday at US$0.7856 cents or

C$1.2729, compared to Tuesday’s North America close of US$0.7822
cents or C$1.2782.

Weakness in the U.S. dollar accounted for some of the
strength in the Canadian dollar.

In Toronto, the S&P/TSX Composite Index was down 26.44,
0.16 per cent, to 16,110.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.59 at $ 19.10
Agrium Incorporated———-dn $ 2.30 at $136.33
Buhler Industries————dn $ 0.15 at $ 4.60
Maple Leaf Foods————-dn $ 0.14 at $ 33.14
Potash Corp. of Sask———dn $ 0.11 at $ 24.38

(All figures are in Canadian dollars.)

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