By MarketsFarm
WINNIPEG, May 23 (MarketsFarm) – The Canadian dollar was down at Thursday’s close, amid tanking stock indexes and oil prices.
The Canadian dollar closed at US$.7419 or US$1=C$1.3478, down from Wednesday’s close of US$.7457 or US$1=C$1.3410.
The S&P/TSX Composite Index fell 162.74 points to close at 16,164.61, dropping a full percentage point thanks to lingering concerns of a drawn-out trade war between the United States and China.
Most stock indexes dropped significantly amid comments from Chinese state media condemning the trade war. One media outlet suggested the U.S. had “arbitrarily waved tariffs and provoked trade disputes everywhere” like “a bull that broke into a porcelain store,” according to translation from Yahoo Finance.
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The NASDAQ lost 126.05 at 7,628.28 points. Similarly, the Dow Jones lost 301.97 points to close at 25,490.47. The S&P 500 Index was down by 34.03 points, closing at 2,822.24 points.
Oil futures plummeted as the comments from China dampened global economic outlook and demand for oil. West Texas Intermediate lost US$3.24 to end the day at US$58.18 per barrel, and Brent Crude oil lost $3.08 to hit US$67.91 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-n/a
Buhler Industries————–n/a
Linamar Corp ——————n/a
Maple Leaf Foods—————n/a
Nutrien Ltd. ——————n/a
Ritchie Bros Auctioneers Inc.–n/a
Rocky Mountain Dealership Inc.-n/a
