By MarketsFarm
WINNIPEG, Oct. 31 (MarketsFarm) – The Canadian dollar was steady on Thursday, after dropping nearly half a cent the day before.
The dollar finished the day at US$0.7599 or US$1=C$1.3160, compared to Wednesday when it closed at US$0.7603 or US$1=C$1.3152.
Financial markets fell after some hit all-time highs on Thursday. Weak manufacturing data and renewed uncertainty regarding the impending trade deal between the United States and China rattled market confidence. Also, U.S. jobless claims rose more than anticipated, which also sparked economic concerns.
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The TSX Composite Index closed lower by 18.27 points at 16,483.16. The S&P 500 lost 9.20 to close at 3,037.58. Similarly, the Dow Jones decreased by 140.46 points to finish at 27,046.23. The NASDAQ was down 11.62 to finish at 8,3292.36.
Benchmark oil prices were slightly lower due to concerns of decreased demand. Brent crude oil was down by 40 cents to close at US$60.21 per barrel. West Texas Intermediate (WTI) crude oil was down by 98 cents to close at US$54.08 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 3.60
Linamar Corp. dn $ 0.25 at $ 43.20
Maple Leaf Foods dn $ 2.06 at $ 25.03
Nutrien Ltd. dn $ 1.25 at $ 64.26
Ritchie Bros Auctioneers Inc. up $ 0.35 at $ 53.84
Rocky Mountain Dealerships Inc. dn $ 0.07 at $ 6.55
(All figures are in Canadian dollars.)
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