By MarketsFarm
WINNIPEG, Oct. 1 (MarketsFarm) – The Canadian dollar was unchanged on Monday.
The dollar finished the day at US$0.7551 or US$1=C$1.3243, which is where it closed on Monday.
Global equities were lower today due to a host of economic data that pointed to the possibility of a recession. United States manufacturing hit its lowest rate in a decade, due mainly to ongoing trade conflicts and subsequent tariffs. Similarly, one Canadian company said auto sales declined 3.7 per cent in September. Sales were up by 0.6 per cent the month prior, but had declined for 17 straight months before that.
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The TSX Composite Index closed lower by 210.97 points at 16,447.66. The S&P 500 lost 36.49 to close at 2,940.25. Similarly, the Dow Jones lost 343.79 points to finish at 26,573.04. The NASDAQ was down 90.66 to finish at 7,908.68.
Benchmark oil prices were slightly lower, retreating from gains earlier in the week. Brent crude oil was down by 28 U.S. cents to close at US$58.97 per barrel. West Texas Intermediate (WTI) crude oil was down by 42 U.S. cents to close at US$53.65 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.08 at $ 3.65
Linamar Corp. dn $ 1.70 at $ 41.37
Maple Leaf Foods up $ 0.14 at $ 29.86
Nutrien Ltd. up $ 0.29 at $ 66.29
Ritchie Bros Auctioneers Inc. dn $ 0.75 at $ 52.06
Rocky Mountain Dealerships Inc. dn $ 0.08 at $ 7.10
(All figures are in Canadian dollars.)
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