By Commodity News Service Canada
WINNIPEG, March 5 – The Canadian dollar slipped lower at
close Monday, despite an increase in the price of oil and the
stock market as fears of a global trade war began to ease.
However there is economic uncertainty due to trade worries with
the United States.
The Canadian dollar settled Monday at US$0.7706 or
C$1.2977, compared to Friday’s North American close of US$0.7757
or C$1.2891.
Oil prices rose Monday following the U.S. stock market on
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from Organization of Petroleum Exporting Countries would grow at
a much slower pace in the coming years. Brent crude gained
US$1.17, or 1.8 per cent, to US$65.54 per barrel.
Stocks around the global rose Monday, following four days
of declines as investors began to see U.S. President Donald
Trump’s steel and aluminum tariff threats as a U.S. negotiating
tactic and not a done deal.
In Toronto, the TSX/S&P Composite closed higher Monday, as
investor concern over threats of U.S. tariffs on steel and
aluminum eased. The TSX/S&P rose 156.69 points, or one per cent,
to 15,541.28.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 1.41 at $ 16.28
Buhler Industries————unchanged at $ 4.08
Nutrien Ltd.—————–up $ 3.53 at $ 67.27
(All figures are in Canadian dollars.)
