By MarketsFarm
WINNIPEG, April 25 (MarketsFarm) – The Canadian dollar continued to fall on Thursday.
The Canadian dollar closed at US$.7411 or US$1=C$1.3493, down from Wednesday’s close of US$.7421 or US$1=C$1.3475.
The S&P/TSX Composite Index lost 10.42 points to close at 16,576.10.
The NASDAQ closed up, gaining 16.67 at 8,118.68 points. The Dow Jones lost 134.97 points to close at 26,462.08. The S&P 500 Index was down by 1.08 points, closing at 2,926.17 points.
Canadian stock indexes took a hit after reports of a poor financial outlook from Bombardier Inc. A heavy hitter in the Canadian industrial sector, Bombardier cut its full-year profit and revenue forecast significantly on Thursday, according to reports. The NASDAQ was insulated from this hit thanks to strong results from the technology sector.
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Crude oil prices were mixed on Thursday, among reports that Saudi Arabia and its OPEC allies will be loosening supply cuts. The move is to ameliorate the effect of the U.S. imparting sanctions on Iranian oil. West Texas Intermediate lost 83 cents to hit US$65.06 per barrel, and Brent Crude oil gained 12 cents to hit US$74.48 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-up $ 0.04 at $ 17.99
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————dn $ 0.43 at $ 49.62
Maple Leaf Foods—————up $ 0.07 at $ 30.90
Nutrien Ltd. ——————up $ 0.20 at $ 71.64
Ritchie Bros Auctioneers Inc.–dn $ 0.84 at $ 46.28
Rocky Mountain Dealership Inc.-up $ 0.25 at $ 9.70
(All figures are in Canadian dollars.)
