WINNIPEG, April 1 (MarketsFarm) – The Canadian dollar held firm on Tuesday, along with markets and oil prices.
The Canadian dollar closed at US$.7494 or US$1=C$1.3344, steady from Monday’s close of US$.7498 or US$1=C$1.3337.
The S&P/TSX Composite Index gained 35.81 points to close at 16,263.87.
The NASDAQ closed up, gaining 19.78 at 7,848.69 points. Conversely, The Dow Jones lost 79.29 points to close at 26,179.13. The S&P 500 Index was virtually unchanged, closing at 2,867.24 points.
Stocks strengthened worldwide as investors reacted to strong market performance in the first quarter. “The world is cautiously optimistic — hoping for the best, but preparing for the worst,” said Jay Pestrichelli, founder and chief executive of ZEGA Financial, to Bloomberg.
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Oil prices continue to soar thanks to further reduction in supply from OPEC. U.S. crude stockpiles are speculated to have declined by 900,000 barrels last week, to be confirmed by a government report on Wednesday. West Texas Intermediate crude oil gained 99 cents to close at US$62.58 per barrel, while Brent crude oil gained 40 cents to close at US$69.41 per barrel.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients——- up $ 0.03 at $ 17.96
Buhler Industries————–up $ 0.02 at $ 3.63
Linamar Corp ——————up $ 0.14 at $ 49.11
Maple Leaf Foods—————dn $ 0.36 at $ 30.55
Nutrien Ltd. ——————up $ 0.17 at $ 71.26
Ritchie Bros Auctioneers Inc.–up $ 0.07 at $ 46.05
Rocky Mountain Dealership Inc.-up $ 0.12 at $ 9.22
(All figures are in Canadian dollars.)
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