By Commodity News Service Canada
WINNIPEG, March 9 – The Canadian dollar struck its lowest
mark against the US currency in two months on Thursday, as
falling crude oil prices pointed the way lower.
The price of a barrel of light sweet crude oil fell below
US$50 per barrel.
The Canadian dollar closed at C$0.7403 or US$1=C$1.3508,
compared to Wednesday’s close of C$0.7411 or US$1=C$1.3494.
The S&P/TSX Composite Index finished relatively unchanged
on Thursday as gains in energy were offset by losses in banking.
The metals sector was also under pressure as copper
producers Lundin and Tech fell 3.1% and 0.9%.
The index dipped 0.14 points to 15,496.84.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.08 at $ 32.25
Agrium Incorporated———-up $ 3.66 at $131.18
Buhler Industries————dn $ 0.05 at $ 4.60
Maple Leaf Foods————-up $ 0.24 at $ 31.12
Potash Corp. of Sask———up $ 0.66 at $ 23.49
(All figures are in Canadian dollars.)
