By Commodity News Service Canada
WINNIPEG, March 23 – The Canadian dollar fell lower against its US counterpart on Wednesday as bearish oil prices weighed down the loonie. Crude oil broke below US$40 per barrel while gold issues also suffered declines.
The Canadian dollar closed at US$0.7568 or US$1 = 1.3214 on Wednesday.
The Standard & Poor’s/TSX Composite Index declined on Wednesday with energy and mining companies bearing the brunt of the losses.
The trading was light however as many investors looked ahead to the Easter holiday.
The S&P/TSX Composite Index dropped 114.01 points, or 0.84%, to 13,379.48.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.15 at $ 38.59
Agrium Incorporated———-up $ 1.37 at $120.07
Buhler Industries————– $ 0.00 at $ 4.86
Maple Leaf Foods————— $ 0.17 at $ 27.23
Potash Corp. of Sask———dn $ 0.71 at $ 22.93
(All figures are in Canadian dollars.)
