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Canadian Financial Close: Loonie, crude oil move backwards

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

The loonie closed at US$0.6950 or US$1=C$1.4388, down from US$0.6976 or US$1=C$1.4334 on Wednesday. However, the United States Dollar Index was down 0.13 of a point at 108.96.

Crude oil eased off from expectations the Israel-Hamas ceasefire will halt attacks by Houthi rebels on ships in the Red Sea. Brent crude oil declined US$0.71 at US$81.32 per barrel. West Texas Intermediate fell US$1.35 at US$78.69/barrel.

The TSX/S&P Composite Index rose 56.90 points at 24,846.20.

Gold added $28.00 per ounce at US$2,745.80.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.04     at $  3.35

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 1.11     at $ 57.57

Maple Leaf Foods                 dn  $ 0.47     at $ 20.91

Nutrien Ltd.                     dn  $ 0.40     at $ 74.16

RB Global Inc.                   up  $ 0.91     at $129.30

(All figures are in Canadian dollars.)