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Canadian Financial Close: TSX drops with interest rate decision

By Commodity News Service Canada

WINNIPEG, December 14 – The Canadian dollar plunged on
Wednesday in response to the US Federal Reserve’s decision to
raise the interest rate.
Analysts said the move prompted a large exodus from the
equity markets.
The Canadian dollar closed at C$0.7534 or US$1.3274,
compared to Tuesday’s close of C$0.7614 or US$1=C$1.3134.
The S&P/TSX Composite Index suffered heavy losses on
Wednesday, tracking losses in crude oil, silver and gold.
All sectors dropped in response to the US interest rate
The materials group fell 2.3 percent.
The index fell 188.09 points or 1.2% to 15,197.18.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.63 at $ 35.30
Agrium Incorporated———-dn $ 0.61 at $134.69
Buhler Industries————– $ 0.00 at $ 4.50
Maple Leaf Foods————-dn $ 0.31 at $ 27.76
Potash Corp. of Sask———dn $ 0.10 at $ 24.39

(All figures are in Canadian dollars.)

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