By Markets Farm
WINNIPEG, March 4 (MarketsFarm) – The Canadian dollar was down at market close on Monday, as consumer confidence is uneasy in the face of a slowing economy.
The dollar finished Monday at US$0.7509 or US$1=C$1.3317, which compares with Friday’s close of US$0.7541 or C$1.3260.
No sooner had Canadian Prime Minister Justin Trudeau tweaked his cabinet on Friday, Treasury Board President Jane Philpott resigned her cabinet post on Monday. Philpott stated in her resignation that she could no longer defend the federal government’s position on the SNC Lavalin scandal.
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The TSX was down 30.12 points to finish Monday at 16.038.13 points.
The stock markets in the United States lost ground on Monday, with reports of weak construction spending and waning optimism towards the U.S./China trade talks.
The Dow Jones lost 206.67 points to finish at 25,819.65 points. The S&P 500 slipped 10.88 points to end the day at 2,792.81 points. The NASDAQ fell 17.78 points to close at 7,577.57 points.
Benchmark oil prices were up Monday. Brent crude oil gained 55 cents to close at US$65.62 per barrel. West Texas Intermediate crude oil rose 65 cents to close at US$56.45 per barrel.
Gold fell by US$11.60 on Monday to US$1,287.60 per ounce.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients up $ 0.02 at $ 17.83
Buhler Industries unchanged at $ 3.61
Linamar Corp. dn $ 0.16 at $ 53.17
Nutrien Ltd. up $ 0.73 at $ 73.43
Ritchie Bros Auctioneers Inc. dn $ 2.53 at $ 46.57
Rocky Mountain Dealerships Inc. unchanged at $ 8.70
(All figures are in Canadian dollars.)
