By Commodity News Service Canada
WINNIPEG, March 22 – The Canadian dollar closed slightly
higher Thursday, despite fears of a global trade war.
The Canadian dollar settled Thursday at US$0.7747 or
C$1.2908, compared to Wednesday’s North American close of
US$0.7717 or C$1.2958.
United States President Donald Trump signed a presidential
memorandum on Thursday that could impose tariffs on up to US$60
billion of imports from China, although his action was far
removed from threats that could have ignited a global trade war.
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after a consultation period.
Oil prices fell Thursday as investors took profits after
this week’s rally and as U.S. stock markets fell, but losses
were limited by the continuing efforts of the Organization of
Petroleum Exporting Countries and its allies to curb supplies.
Brent crude fell 56 cents to settle at US$68.91 per barrel.
In Toronto, the TSX/S&P Composite ended sharply lower
Thursday, suffering its biggest daily percentage drop since
September, 2016. The TSX/S&P dropped 275.35 points, or 1.76 per
cent, to 15,399.93.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.52 at $ 15.72
Buhler Industries————unchanged at $ 4.11
Maple Leaf Foods————-up $ 0.03 at $ 31.13
Nutrien Ltd.—————–dn $ 1.50 at $ 61.16
(All figures are in Canadian dollars.)
