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Canadian Financial Close: Canola down, crude oil falls

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Glacier FarmMedia MarketsFarm – The Canadian dollar eased back from a five-month high on Thursday.

The loonie closed at US$0.7569 or US$1=C$1.3212, compared to US$0.7573 or US$1=C$1.3205 on Wednesday. The United States Dollar Index was up 0.24 of a point at 101.23.

Crude oil fell due to a buildup of supplies. Brent crude oil retreated US$1.26 at US$78.39 per barrel. West Texas Intermediate (WTI) lost US$2.22 to US$71.89/barrel.

The TSX/S&P Composite Index declined 86.53 points at 20,929.38.

Gold dropped US$15.80 at US$2,077.30 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.21     at $  2.45

Farmer’s Edge Inc.               unchanged      at $  0.24

Linamar Corp.                    dn  $ 0.14     at $ 64.60

Maple Leaf Foods                 dn  $ 0.28     at $ 24.88

Nutrien Ltd.                     dn  $ 1.15     at $ 74.81

RB Global Inc.                   up  $ 0.14     at $ 88.15

(All figures are in Canadian dollars.)