By MarketsFarm
WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar was down slightly on Monday, amongst global market uncertainty echoed by similarly declining oil prices.
The Canadian dollar closed at US$.7452 or C$=1.3420, down from Friday’s close of US$.7457 or C$=1.3411.
The S&P/TSX Composite Index fell by 23.47 points to close at 16,065.86.
The NASDAQ closed down, losing 5.13 to close at 7,637.54 points. The Dow Jones gained 14.51 points to close at 25,516.83. The S&P 500 Index dropped 2.35 to close at 2,798.36 points. Following the release of Special Counsel Robert Mueller’s report, some experts believe Trump’s clearance would help drive a risk-on response from markets.
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Oil prices were mixed on Monday amongst continued fears of slowing global economic growth. Prices have gained steadily in 2019 thanks to OPEC and U.S. tightening crude outputs. The ongoing trade dispute between the U.S. and China put further pressure on prices.
West Texas Intermediate crude oil lost US$0.05 to close at $58.99 per barrel, while Brent crude oil gained 23 cents to close at $67.26 per barrel.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients——-up $ 0.01 at $ 17.77
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————dn $ 0.27 at $ 47.13
Maple Leaf Foods—————up $ 0.16 at $ 30.01
Nutrien Ltd. ——————unch at $ 67.73
Ritchie Bros Auctioneers Inc.–dn $ 0.46 at $ 44.35
Rocky Mountain Dealership Inc.-dn $ 0.24 at $ 8.84
(All figures are in Canadian dollars.)
