By MarketsFarm
WINNIPEG, April 9 (MarketsFarm) – The Canadian dollar was up slightly at market close on Tuesday, while fears of a global economic slowdown resulted in losses on the stock markets.
The dollar finished Tuesday at US$0.7510 or US$1=C$1.3316, which compares with Monday’s close of US$0.7505 or C$1.3325.
The Toronto Stock Exchange was down 70.84 points on Tuesday to finish at 16,336.45 points. The TSX lost ground on fears of a looming global economic slowdown.
Markets in the United States were down as well on Tuesday. The S&P500 lost 17.27 points to end trading at 2,878.50 points. The NASDAQ slid 44.60 points to finish at 7,909.28. The Dow Jones dropped 187.12 points to close at 26,153.90 points.
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Benchmark oil prices were weaker on Tuesday following news that Venezuela will have four of its crude upgraders back in operation. The upgraders had been offline due to power blackouts in the country.
Brent crude oil lost 44 cents to close at US$70.66 per barrel. West Texas Intermediate crude oil slipped 31 cents to close at US$64.09 per barrel.
Gold was up US$6.70 on Tuesday to US$1,308.60 per ounce.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients unchanged at $ 17.96
Buhler Industries unchanged at $ 3.57
Linamar Corp. dn $ 0.30 at $ 50.40
Maple Leaf Foods up $ 0.26 at $ 30.77
Nutrien Ltd. dn $ 1.01 at $ 71.02
Ritchie Bros Auctioneers Inc. dn $ 0.37 at $ 45.23
Rocky Mountain Dealerships Inc. dn $ 0.08 at $ 9.27
(All figures are in Canadian dollars.)
