By Commodity News Service Canada
WINNIPEG, Aug. 3 (CNS) – The Canadian dollar continued a slow retreat from its lofty peak of 80 cents U.S. earlier this week, ending the day at US$0.7950, or C$1.2578. It closed yesterday at US$0.7962, or C$1.2599.
Even as U.S. President Donald Trump was inserting himself into the stock market rally, analysts pointed out that little of his agenda has made it into law. The stock markets climb is largely due to an improvement in the global economy and a string of positive quarterly reports from major companies, said analysts, despite Trump apparently taking credit for the rally in a tweet. The Dow Jones crossed 22,000 for the first time ever yesterday. The latest rally that pushed the Dow up the final 1,000 points, was due mostly to gains in five major stocks: Boeing, McDonald’s, United Health, Apple and Caterpillar,
Read Also
Canadian Financial Close: Loonie up as U.S. dollar weakens
Glacier FarmMedia | MarketsFarm – The Canadian dollar closed above the 73 United States cent mark for the first time in a…
The S&P/TSX index tumbled today, led by energy sector losses of 2.07 per cent, a decline in the information technology sector of 1.90 per cent and drops in crude oil prices. The S&P/TSX lost 73.67 points (.048%) to end the day at 15,191.96.
In New York, the Dow gained 9.86 points (0.04%) to end at 22,026.10.
The S&P 500 closed 5.41 points lower (0.22%) at 2,472.16 and the Nasdaq fell 22.30 points (0.35%) to close at 6,340.34.
WTI crude dropped 67 cents U.S., a decline of 1.35%, to US$48.92 per barrel.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.02 at $ 24.78
Agrium Incorporated———-up $ 1.56 at $126.75
Buhler Industries————– $ 0.00 at $ 4.16
Maple Leaf Foods————-up $ 0.27 at $ 34.62
Potash Corp. of Sask———up $ 0.26 at $ 22.61
(All figures are in Canadian dollars.)
