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Canadian Financial Close: Loonie, crude oil prices decline

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Glacier FarmMedia MarketsFarm – The Canadian dollar saw its first decline in six days on Wednesday.

The loonie closed at US$0.7423 or US$1=C$1.3471, compared to US$0.7429 or US$1=C$1.3460 on Tuesday.

Meanwhile, the United States Dollar Index was up 0.59 of a point at 101.15.

Crude oil prices continued to fade on Wednesday. West Texas Intermediate (WTI) dropped US$0.79 at US$74.74 per barrel. Brent crude oil declined US$0.73 at US$78.82/barrel.

The TSX Composite Index shed 132.98 points at 23,126.98.

Gold fell US$10.70 at US$2,542.20 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.40

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.65     at $ 63.10

Maple Leaf Foods                 dn  $ 0.23     at $ 22.53

Nutrien Ltd.                     dn  $ 0.69     at $ 64.43

RB Global Inc.                   dn  $ 2.30     at $114.88

(All figures are in Canadian dollars.)