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Canadian Financial Close: Loonie steady, crude oil jumps

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Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Wednesday despite a weaker United States dollar and higher crude oil prices.

The loonie closed at US$0.7307 or US$1=C$1.3686. The U.S. Dollar Index declined 0.50 of a point at 103.77 due to a sharp rally in the Japanese yen.

Crude oil prices were higher because of the weaker U.S. dollar. Brent crude oil gained US$1.30 at US$85.03 per barrel. West Texas Intermediate (WTI) surged US$2.14 at US$82.90/barrel.

The TSX/S&P Composite Index lost 144.22 points at 22,851.17.

Gold fell US$6.00 at US$2,461.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.02

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.28     at $ 69.70

Maple Leaf Foods                 up  $ 0.16     at $ 24.69

Nutrien Ltd.                     up  $ 1.87     at $ 71.46

RB Global Inc.                   dn  $ 0.33     at $110.92

(All figures are in Canadian dollars.)