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Canadian Financial Close: Loonie continues to decline

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Glacier FarmMedia MarketsFarm – The Canadian dollar fell to its lowest level in nearly a month on Thursday.

The loonie closed at US$0.7458 or US$1=C$1.3409, compared to US$0.7473 or US$1=C$1.3382 on Wednesday. The United States Dollar Index was virtually unchanged, down 0.01 of a point at 102.35.

Crude oil prices were up on Thursday due to ongoing tensions in the Middle East. Brent crude oil gained US$1.28 at US$78.08 per barrel. West Texas Intermediate (WTI) jumped US$1.27 at US$72.64/barrel.

The TSX/S&P Composite Index lost 71.02 points at 20,918.40.

Gold added US$5.10 at US$2,032.90 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.47

Farmer’s Edge Inc.               unchanged      at $  0.34

Linamar Corp.                    up  $ 0.43     at $ 63.69

Maple Leaf Foods                 dn  $ 0.24     at $ 25.69

Nutrien Ltd.                     dn  $ 0.46     at $ 70.84

RB Global Inc.                   up  $ 0.63     at $ 88.25

(All figures are in Canadian dollars.)