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Canadian Financial Close: Loonie keeps positive momentum

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Glacier FarmMedia | MarketsFarm – The Canadian dollar rose yet again on Tuesday.

The loonie was at US$0.7218 or US$1=C$1.3854, compared to US$0.7197 or US$1=C$1.3894 on Monday. The United States Dollar Index was down 0.45 of a point at 103.44 on Election Day.

Crude oil increased after Chinese Premier Li Qiang said he had confidence in his country’s economic recovery. West Texas Intermediate (WTI) added US$0.63 at US$72.10 per barrel. Brent crude oil advanced US$0.53 at US$75.61/barrel.

The TSX/S&P Composite Index surged 131.84 points at 24,387.90.

Gold gained US$6.50 per ounce at US$2,752.70.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      dn  $ 0.05     at $  2.40

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.21     at $ 56.09

Maple Leaf Foods                 up  $ 0.50     at $ 21.12

Nutrien Ltd.                     dn  $ 0.52     at $ 70.04

RB Global Inc.                   up  $ 1.15     at $119.85

(All figures are in Canadian dollars.)