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Canadian Financial Close: Loonie, crude oil slightly decline

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Glacier FarmMedia | MarketsFarm – The Canadian dollar moved downward once again on Wednesday.

The loonie closed at US$0.6974 or US$1=C$1.4339, compared to US$0.6999 or US$1=C$1.4287 on Tuesday. The U.S. Dollar Index gained 0.20 of a point at 106.51.

Crude oil was slightly lower on Wednesday after the U.S. Energy Information Administration reported a decline in stockpiles. Brent crude oil dropped US$0.29 at US$72.73 per barrel. West Texas Intermediate retreated US$0.13 at US$68.8/barrel.

The TSX/S&P Composite Index gained 124.38 points at 25,328.36.

Gold rose $14.00 per ounce at US$2,932.80.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  7.15

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.42     at $ 53.66

Maple Leaf Foods                 up  $ 1.29     at $ 25.86

Nutrien Ltd.                     dn  $ 0.37     at $ 76.30

RB Global Inc.                   dn  $ 1.09     at $143.88

(All figures are in Canadian dollars.)