By MarketsFarm
WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was slightly lower following Canada’s Thanksgiving weekend.
The dollar finished the day at US$0.7569 or US$1=C$1.3211, compared to Friday when it closed at US$0.7577 or US$1=C$1.3198
U.S. stocks finished higher due to a spate of positive third-quarter results. Investors are watching to see if “phase one” of the trade deal between China and the United States will materialize. China has indicated it will purchase more U.S. agriculture goods if tariffs between the two countries are lightened.
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The TSX Composite Index closed higher by 3.23 points at 16,418.39. The S&P 500 gained 29.53 to close at 2,995.68. Similarly, the Dow Jones increased by 237.44 points to finish at 27,024.80. The NASDAQ was up 100.06 to finish at 8,148.71.
Benchmark oil prices were muted following an attack on an Iranian oil tanker on Friday. The Iranian president said the country doesn’t know who is behind the attack, but suspects a foreign government rather than a terrorist move, according to Bloomberg. Brent crude oil was down by 54 cents to close at US$58.81 per barrel. West Texas Intermediate (WTI) crude oil was down by 73 cents to close at US$52.86 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 3.60
Linamar Corp. up $ 1.13 at $ 41.53
Maple Leaf Foods dn $ 0.46 at $ 28.35
Nutrien Ltd. dn $ 1.47 at $ 65.73
Rocky Mountain Dealerships Inc. up $ 0.08 at $ 6.95
(All figures are in Canadian dollars.)
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