Canadian Financial Close: Loonie, TSX come down

Glacier FarmMedia MarketsFarm – The Canadian dollar barely hung onto the 73 United States cent mark.

The loonie closed at US$0.7301 or US$1=C$1.3696, compared to US$0.7307 or US$1=C$1.3686 on Wednesday.

The U.S. Dollar Index was up 0.44 of a point at 104.18.

Crude oil prices underwent a correction on Thursday, paring some of Wednesday’s increases. Brent crude oil shed US$0.28 at US$84.80 per barrel. West Texas Intermediate (WTI) dropped US$0.46 at US$82.39/barrel.

The TSX/S&P Composite Index lost 124.41 points at 22,726.76, the second-straight session it lost more than 100 points.

Gold fell US$12.00 at US$2,447.90 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.                    dn  $ 0.01     at $ 69.69

Maple Leaf Foods                 dn  $ 0.10     at $ 24.59

Nutrien Ltd.                     dn  $ 1.76     at $ 69.70

RB Global Inc.                   dn  $ 0.41     at $110.51

(All figures are in Canadian dollars.)