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Canadian Financial Close: Loonie ends week on big boost

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Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week on a high note, supporting by a weaker United States dollar and higher crude oil prices.

The loonie closed at US$0.7435 or US$1=C$1.3449, compared to US$0.7410 or US$1=C$1.3496 on Thursday. The United States Dollar Index was down 0.12 of a point at 103.45.

Crude oil continued its recent rally on Friday. Brent crude oil jumped US$1.18 at US$83.61 per barrel. West Texas Intermediate (WTI) added US$0.62 at US$77.98/barrel.

The TSX/S&P Composite Index was up 23.74 points at 21,125.28.

Gold gained US$1.10 at US$2,018.90 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.16     at $  2.39

Farmer’s Edge Inc.               unchanged      at $  0.34

Linamar Corp.                    up  $ 1.02     at $ 65.08

Maple Leaf Foods                 dn  $ 0.17     at $ 26.08

Nutrien Ltd.                     up  $ 0.29     at $ 68.37

RB Global Inc.                   up  $ 0.10     at $ 83.71

(All figures are in Canadian dollars.)