By Commodity News Service Canada
WINNIPEG, Oct. 12 – The Canadian dollar eased downward
early in the day but ended higher compared to its U.S.
counterpart Thursday as oil fell and the American dollar value
increased compared to a basket of foreign currencies. The U.S.
dollar was buoyed by reports of an increase in producer prices.
The loonie closed today at US$0.8018 or C$1.2472 per US$1.
It closed yesterday at US$0.8001 or C$1.2498 per US$1.
General Motors has told Unifor, the union at its auto-
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manufacturing of its popular Chevrolet Equinox to Mexico as the
strike at the Ontario factory carried on into its fourth week.
The S&P/TSX declined 58.2 points today, 0.37%, to 15,742.2.
The energy sector lost 1.7%, leading all losers. Financials and
materials also took heavy losses, as seven of the index’s 10
major sectors posted losses.
WTI crude lost 65 cents U.S., or 1.27%, to close at
US$50.65 per barrel.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.36 at $ 22.34
Agrium Incorporated———-dn $ 0.40 at $132.29
Buhler Industries————– $ 0.00 at $ 4.33
Maple Leaf Foods————-up $ 0.03 at $ 34.41
Potash Corp. of Sask———dn $ 0.06 at $ 23.71
(All figures are in Canadian dollars.)
