By Commodity News Service Canada
WINNIPEG, Aug 15 (CNS) – The Canadian dollar closed lower
Wednesday, as worries about the state of the Turkish economy
continued to mount.
The Canadian dollar settled Wednesday at US$0.7612 or
C$1.3138, compared to Tuesday’s North American close of
US$0.7641 or C$1.3087.
The Turkish lira squeaked out a second day of gains as
authorities tightened up on foreign investors trying to short
the currency. But Turkey’s failure to try and stop the galloping
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full-blown crisis and debt defaults.
Oil prices fell Wednesday, as data showed that United
States crude stockpiles rose last week, compounding worries of a
weaker global economic growth outlook. Brent crude futures
dropped 1.95 per cent to US$70.83 per barrel. U.S West Texas
Intermediate crude lost 2.95 per cent to settle at US$65.06 per
barrel.
Spot gold prices dropped 1.3 per cent to settle at
US$1,177.84 per ounce.
In Toronto, the S&P/TSX Composite closed lower Wednesday,
dropping 182.17 points, or 1.12 per cent, to settle at
16,148.50.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———up $ 0.02 at $ 18.32
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 0.43 at $ 54.78
Maple Leaf Foods—————–dn $ 0.16 at $ 30.67
Ritchie Bros Auctioneers Inc.—-up $ 0.18 at $ 49.45
Rocky Mountain Dealerships Inc.–dn $ 0.11 at $ 10.34
(All figures are in Canadian dollars.)
