By Commodity News Service Canada
WINNIPEG, April 2 – The Canadian dollar was down Monday due
to drops in the price of oil and the stock market.
The Canadian dollar settled Monday at US$0.7747 or
C$1.2908, compared to Thursday’s North American close of
US$0.7756 or C$1.2894.
Oil prices fell by more than two per cent Monday, pressured
by a rise in Russian production, expectations that Saudi Arabia
will cut prices on the crude it sends to Asia and a deepening
trade spat between China and the United States. Brent crude
dropped by US$1.70 to settle at US$67.64 per barrel.
In Toronto, the TSX/S&P Composite fell Monday, led by
energy and financial shares, as oil prices tumbled and investors
worried about an escalating trade war between the U.S. and
China. The TSX/S&P fell 153.84 points, or one per cent, to
15,213.45.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.50 at $ 16.19
Buhler Industries————up $ 0.28 at $ 4.30
Maple Leaf Foods————-dn $ 0.31 at $ 31.09
Nutrien Ltd.—————–dn $ 1.74 at $ 59.15
(All figures are in Canadian dollars.)
