By Commodity News Service Canada
WINNIPEG, October 11 – The Canadian dollar dropped against
its American counterpart Tuesday, as speculation mounted the US
Fed will hike interest rates in the coming months.
Losses in gold, copper, natural gas and crude oil added to
the downside.
The Canadian dollar closed at C$0.7552 or US$1.3241,
compared to Friday’s close of C$0.7527 or US$1=C$1.3285.
Canadian markets were closed Monday for Thanksgiving.
The S&P/TSX Composite Index dipped on Tuesday, tracking
losses in the tech and mining sectors.
Blackberry led the charge falling 2.9%.
The index declined 16.66 points, or 0.1%, to close at
14,549.60.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.23 at $ 38.16
Agrium Incorporated———-dn $ 0.58 at $118.41
Buhler Industries————– $ 0.00 at $ 4.40
Maple Leaf Foods————-dn $ 0.43 at $ 30.11
Potash Corp. of Sask———up $ 0.18 at $ 21.39
(All figures are in Canadian dollars.)
