By MarketsFarm
WINNIPEG, April 4 (MarketsFarm) – The Canadian dollar dropped just below 75 U.S. cents on Thursday, as stocks and oil prices stalled.
The Canadian dollar closed at US$.7487 or US$1=C$1.3357, up from Tuesday’s close of US$.7505 or US$1=C$1.3324.
The S&P/TSX Composite Index gained 31.75 points to close at 16,311.61.
The NASDAQ closed down, losing 3.77 at 7,891.78 points. Conversely, The Dow Jones gained 166.50 points to close at 26,384.63. The S&P 500 Index was up 5.99 points, closing at 2,879.39 points.
Read Also
Canadian Financial Close: C$ firm Friday
Glacier FarmMedia — The Canadian dollar strengthened Friday, as dovish comments out of the United States Federal Reserve weighed on…
Stock indexes stalled slightly ahead of definitive news following United States-China trade talks. Chinese Vice Premier Liu He has been in Washington negotiating with President Trump.
The U.S. Bureau of Labor Statistics will deliver the latest U.S. labour market data on Friday morning. Wall Street economists expect the U.S. economy to have added 175,000 non-farm payrolls in March, according to Bloomberg.
Oil prices remain around $70 per barrel amongst uncertainty regarding global economic demand. West Texas International fell 36 cents to trade at US$62.10 per barrel, and Brent Crude fell seven cents to trade at US$69.24 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-dn $ 0.04 at $ 17.89
Buhler Industries————–dn $ 0.02 at $ 3.61
Linamar Corp ——————up $ 0.41 at $ 49.77
Maple Leaf Foods—————dn $ 0.12 at $ 30.32
Nutrien Ltd. ——————up $ 0.69 at $ 72.73
Rocky Mountain Dealership Inc.-up $ 0.04 at $ 9.16
(All figures are in Canadian dollars.)
