By Commodity News Service Canada
WINNIPEG, November 29 – The Canadian dollar dipped against
its US counterpart on Tuesday, tracking declines in crude oil
prices. Investors are worried a deal to limit oil production by
OPEC may not happen at a meeting on Wednesday.
The Canadian dollar closed at C$0.7442 or US$1.3437,
compared to Monday’s close of C$0.7451 or US$1=C$1.3421.
The S&P/TSX Composite Index suffered slight losses as
declines in mining and the oil and gas sector outweighed
advances in banking and high-tech.
Toronto’s energy group slipped 2.4% on the day. Canadian
Natural Resources moved 2.3% lower while Cenovus fell 2.5%.
On the other side, Scotiabank climbed 1.6% while the Royal
Bank of Canada finished 0.8% higher.
The index was down 15.55 points or 0.1% to 14,999.51.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.26 at $ 36.53
Agrium Incorporated———-up $ 0.06 at $131.96
Buhler Industries————up $ 0.30 at $ 4.80
Maple Leaf Foods————-dn $ 0.05 at $ 28.94
Potash Corp. of Sask———dn $ 0.14 at $ 23.58
(All figures are in Canadian dollars.)
