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Canadian Financial Close: Loonie, crude oil prices take a hit

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Glacier FarmMedia MarketsFarm – The Canadian dollar took another step back away from the 75 United States cent mark.

The loonie closed at US$0.7478 or US$1=C$1.3372, compared to US$0.7492 or US$1=C$1.3247 on Friday. The U.S. Dollar Index was down 0.16 of a point at 102.25.

Crude oil prices slid after Saudi Arabia’s state-owned oil company Saudi Aramco lowered its prices in all regions. Brent crude oil dropped US$2.37 at US$76.39 per barrel. West Texas Intermediate (WTI) fell US$2.82 at US$70.99/barrel.

The TSX/S&P Composite Index recovered from morning losses, adding 137.36 points at 21,074.91.

Gold retreated US$15.70 at US$2,034.10 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.31

Farmer’s Edge Inc.               up  $ 0.085    at $  0.335

Linamar Corp.                    up  $ 0.19     at $ 63.36

Maple Leaf Foods                 dn  $ 0.04     at $ 25.10

Nutrien Ltd.                     dn  $ 0.67     at $ 74.39

RB Global Inc.                   up  $ 0.67     at $ 88.00

(All figures are in Canadian dollars.)