Canadian Financial Close: Loonie drops with the stock market

By Commodity News Service Canada

WINNIPEG, May 3 (CNS) – The Canadian dollar closed lower
Thursday, dragged down by a slight dip in the stock market.

The Canadian dollar settled Thursday at US$0.7775 or
C$1.2862, compared to Wednesday’s North American close of
US$0.7781 or C$1.2851.

Oil prices rose Thursday, boosted by Organization of
Petroleum Exporting Countries production cuts and the potential
for new United States sanctions against Iran. Gains were limited
however due to growing U.S. crude inventories. Brent crude rose
26 cents to US$73.62 per barrel.

In Toronto, the TSX/S&P Composite was little changed
Thursday, due to losses in the natural resources sector. The
TXS/S&P dropped by 6.46 points, or 0.04 per cent, to 15,621.47.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.14 at $ 16.85
Buhler Industries————unchanged at $ 4.10
Maple Leaf Foods————-up $ 1.35 at $ 30.01
Nutrien Ltd.—————–dn $ 0.11 at $ 59.14

(All figures are in Canadian dollars.)

About the author

Glacier FarmMedia Feed

GFM Network News

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

GFM Network News's recent articles



Stories from our other publications