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Canadian Financial Close: Loonie, crude oil in decline

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Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back on Thursday.

The loonie closed at US$0.6982 or US$1=C$1.4322, lower than US$0.6995 or US$1=C$1.4295 on Wednesday. The United States Dollar Index added 0.13 points at 107.71.

Crude oil was in decline on Thursday. Brent crude oil weakened US$0.33 at US$74.2 per barrel. West Texas Intermediate was down US$0.46 at US$70.57/barrel.

The TSX/S&P Composite Index lost 35.35 points at 25,534.49.

Gold shed $11.90 per ounce at US$2,881.10.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  3.45

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 1.86     at $ 53.86

Maple Leaf Foods                 dn  $ 0.34     at $ 21.33

Nutrien Ltd.                     dn  $ 1.83     at $ 72.29

RB Global Inc.                   up  $ 3.45     at $130.99

(All figures are in Canadian dollars.)