Canadian Financial Close: Loonie drops with stock market – Grainews

By Commodity News Service Canada

WINNIPEG, April 19 (CNS) – The Canadian dollar closed lower
Thursday, dragged down by the stock market.

The Canadian dollar settled Thursday at US$0.7916 or
C$1.2633, compared to Wednesday’s North American close of
US$0.7928 or C$1.2614.

Oil prices hit highs not seen since 2014, but later gave
back gains following a swift rally over the last week, built on
the ongoing drawdowns in global supply and as Saudi Arabia looks
to push prices higher. Brent crude rose 96 cents to US$74.44 per
barrel.

In Toronto, the TSX/S&P Composite fell Thursday, pulling
back from a four-week high hit Wednesday, as shares of consumer
discretionary and material companies led broad-based declines.
The TSX/S&P fell 75.55 points, or 0.49 per cent, to 15,454.42.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.30 at $ 16.21
Buhler Industries————unchanged at $ 4.10
Maple Leaf Foods————-dn $ 0.82 at $ 30.52
Nutrien Ltd.—————–dn $ 0.64 at $ 60.26

(All figures are in Canadian dollars.)

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