WINNIPEG, Feb. 28 (MarketsFarm) – The Canadian dollar slightly dropped on Thursday, as global stocks fell in reaction to uncertainty on trade between China and the United States.
The Canadian dollar closed at US$0.7594 or US$1=1.3169, which compares with Wednesday’s close of US$0.7607, or US$1=C$1.3145.
Canadian banks are feeling the sting after the fourth quarter of 2018 was plagued with turbulence. CIBC and TD Canada Trust announced on Thursday that their financial results were negatively impacted by market disruptions.
The S&P/TSX Composite Index fell 75.29 points to 15,999.01 at market close.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients——-up $ 0.01 at $ 17.81
Buhler Industries————–dn $ 0.02 at $ 3.61
Linamar Corp ——————dn $ 0.22 at $ 51.75
Maple Leaf Foods—————dn $ 0.83 at $ 27.75
Nutrien Ltd. ——————dn $ 1.43 at $ 71.63
Ritchie Bros Auctioneers Inc.–dn $ 0.41 at $ 48.74
Rocky Mountain Dealership Inc.-up $ 0.03 at $ 8.76
(All figures are in Canadian dollars.)
