By Commodity News Service Canada
WINNIPEG, March 19 – The Canadian dollar closed slightly
higher Monday, following optimistic comments from Prime Minister
Justin Trudeau in regards to North American Free Trade Agreement
(NAFTA) negotiations.
The Canadian dollar settled Monday at US$0.7646 or
C$1.3079, compared to Friday’s North American close of US$0.7641
or C$1.3088.
In a panel discussion Monday Trudeau said United States
President Donald Trump is “enthusiastic” about coming to an
agreement on the renegotiating of NAFTA.
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Oil prices slipped Monday as Wall Street slid more than one
per cent and energy market investors remained wary of growing
crude supply, although tensions between Saudi Arabia and Iran
gave prices some support. Brent crude fell 16 cents to settle at
US$66.05 per barrel.
In Toronto, the TSX/S&P Composite fell Monday to a 10-day
low, pressured by a nearly two per cent drop in energy shares
while technology lost ground as a plunge in Facebook shares
weighed on investor sentiment. The TSX/S&P dropped 121.94
points, or 0.78 per cent, to 15,589.39.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.36 at $ 16.20
Buhler Industries————unchanged at $ 4.11
Maple Leaf Foods————-up $ 0.24 at $ 31.61
Nutrien Ltd.—————–dn $ 1.27 at $ 63.66
(All figures are in Canadian dollars.)
