By MarketsFarm
WINNIPEG, May 2 (MarketsFarm) – The Canadian dollar was down at market close on Thursday, along with crude oil prices and the Toronto Stock Exchange.
The dollar finished Thursday at US$0.7428 or US$1=C$1.3462, which compares with Wednesday’s close of US$0.7454 or C$1.3416.
Benchmark oil prices were down on Thursday due to concerns of oversupply, largely on increasing oil stocks in the United States. West Texas Intermediate crude oil fell US$2.02, closing at US$61.58 per barrel. Brent crude oil lost US1.73, finishing at US$70.45 per barrel.
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As with yesterday, weakness in resource stocks weighed on the TSX/S&P Composite Index. The TSX lost 91.87 points on Thursday to finish at 16,410.88 points.
Gold was down US$11.90 on Thursday at US$1,272.30 per ounce.
In the ongoing Canada/China dispute, Olymel LP and Drummond Export were suspended by Chinese authorities from exporting pork to the country. The Canadian government said it was due to labelling issues and hopes the matter will be quickly resolved.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients unchanged at $ 17.99
Buhler Industries unchanged at $ 3.61
Linamar Corp. dn $ 0.26 at $ 49.56
Maple Leaf Foods up $ 1.58 at $ 33.33
Nutrien Ltd. dn $ 1.12 at $ 71.04
Ritchie Bros Auctioneers Inc. up $ 0.06 at $ 46.52
Rocky Mountain Dealerships Inc. dn $ 0.21 at $ 8.63
(All figures are in Canadian dollars.)
