By MarketsFarm
WINNIPEG, May 30 (MarketsFarm) – The Canadian dollar was steady at market close on Thursday, despite persisting fears of the United States/China trade war causing a global economic slowdown.
The dollar finished the day at US$0.7407 or US$1=C$1.3501, which compares Wednesday’s close of US$0.7400 or C$1.3514.
The TSX/S&P Composite Index was down 42.23 points on Thursday to finish at 16,089.24, due to lower energy stocks and the effects of the U.S./China trade war.
Benchmark oil prices were down on Thursday, also because of the trade war. Brent crude oil dropped US$2.78 to close at US$66.67 per barrel. West Texas Intermediate crude oil fell US$2.29 to close at US$56.52 per barrel.
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As of May 29, the price differential between WTI and Western Canadian Select crude oil was down 25 cents at US$16.66 per barrel. Also, the price of WCS was down eight cents yesterday at US$42.15 per barrel.
Gold was up US6.60 on Thursday to close at US$1,280.00 per ounce.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients unchanged at $ 17.99
Buhler Industries unchanged at $ 3.61
Linamar Corp. dn $ 0.10 at $ 44.62
Maple Leaf Foods up $ 0.18 at $ 30.70
Nutrien Ltd. up $ 0.47 at $ 66.11
Ritchie Bros Auctioneers Inc. up $ 0.16 at $ 44.77
Rocky Mountain Dealerships Inc. up $ 0.20 at $ 8.70
(All figures are in Canadian dollars.)
