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Canadian Financial Close: Loonie, crude oil slide

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Glacier FarmMedia | MarketsFarm – The Canadian dollar slid just below the 70 United States cent mark on Tuesday.

The loonie closed Tuesday at US$0.6999 or US$1=C$1.4287, compared to US$0.7030 or US$1=C$1.4225 on Monday. The U.S. Dollar Index dropped 0.34 of a point at 106.26.

Crude oil fell on Tuesday to a two-month low after U.S. data showed consumer confidence tumbled to an eight-month low. Brent crude oil lost US$1.62 at US$73.16 per barrel. West Texas Intermediate shed US$1.61 at US$69.09/barrel.

The TSX/S&P Composite Index gained 52.72 points at 25,203.98.

Gold plunged $34.20 per ounce at US$2,929.00.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  7.15

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.65     at $ 53.24

Maple Leaf Foods                 up  $ 2.35     at $ 24.57

Nutrien Ltd.                     up  $ 2.35     at $ 76.67

RB Global Inc.                   dn  $ 1.73     at $144.97

(All figures are in Canadian dollars.)