By Commodity News Service Canada
WINNIPEG, March 1 (MarketsFarm) – The Canadian dollar dropped on Friday, as traders reacted to the announcement that the Canadian economy grew by just 0.1 per cent in the fourth quarter of 2018. This economic slowdown is attributed to falling oil prices, lower consumer spending, fewer business investments, and lower-than-expected demand for housing.
The Canadian dollar closed at US$0.7541 or US$1=C$1.3260, which compares with Thursday’s close of US$0.7594, or C$=1. 3169.
The S&P/TSX Composite Index was up by 69.24 points to 16,068.25 at market close.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients——-unchanged at $ 17.81
Buhler Industries————–unchanged at $ 3.61
Linamar Corp ——————up $ 1.58 at $ 53.33
Maple Leaf Foods—————up $ 0.30 at $ 28.05
Nutrien Ltd. ——————up $ 0.64 at $ 73.06
Ritchie Bros Auctioneers Inc.–up $ 0.36 at $ 49.10
Rocky Mountain Dealership Inc.-dn $ 0.06 at $ 8.70
(All figures are in Canadian dollars.)
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