By MarketsFarm
WINNIPEG, March 27 (MarketsFarm) – The Canadian dollar was down on Wednesday, along with global markets and crude oil.
The Canadian dollar closed at US$.7455 or US$1=C$1.3414, down from Tuesday’s close of US$.7470 or C$=1.3386.
The S&P/TSX Composite Index lost 22.63 points to close at 16,132.53.
The NASDAQ closed down, losing 48.14 to close at 7,643.38 points. Similarly, The Dow Jones lost 32.14 points to close at 25,625.59. The S&P 500 Index dropped by 13.09 to close at 2,805.37 points. Further gains in the stock market were capped by a weak U.S. housing market and a general lack of domestic consumer confidence.
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Oil prices dropped on Wednesday among reports that showed U.S. crude inventories are higher than anticipated. A Texas chemical spill in Houston, Texas last week hampered exports.
West Texas Intermediate crude oil lost 54 cents to close at US$59.40 per barrel, while Brent crude oil dropped 15 cents to close at US$67.82 per barrel.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients——-unch at $ 17.79
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————up $ 0.44 at $ 47.18
Maple Leaf Foods—————up $ 0.63 at $ 30.86
Nutrien Ltd. ——————up $ 1.13 at $ 69.47
Ritchie Bros Auctioneers Inc.–up $ 0.07 at $ 44.82
Rocky Mountain Dealership Inc.-up $ 0.14 at $ 8.96
(All figures are in Canadian dollars.)
