By Commodity News Service Canada
WINNIPEG, March 14 – The Canadian dollar declined against
its US counterpart on Tuesday as crude oil prices were under
pressure for the seventh day in a row.
At one point the crude oil April contract was at US$47.72
per barrel, down significantly from a month ago.
The Canadian dollar closed at C$0.7416 or US$1=C$1.3485,
compared to Monday’s close of C$0.7428 or US$1=C$1.3463.
The S&P/TSX Composite Index suffered heavy losses Tuesday
as mining and energy companies faltered under the weight of
lower crude oil values.
Losses in natural gas and gold contributed to the bearish
tone.
The index fell 165.21 points, or 1.1%, to 15,379.61.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.79 at $ 31.95
Agrium Incorporated———-dn $ 2.07 at $128.37
Buhler Industries————– $ 0.00 at $ 4.55
Maple Leaf Foods————-dn $ 0.24 at $ 31.14
Potash Corp. of Sask———dn $ 0.38 at $ 22.96
(All figures are in Canadian dollars.)
