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Canadian Financial Close: Loonie up, crude oil declines

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Glacier FarmMedia MarketsFarm – The Canadian dollar saw a small gain on Wednesday.

The loonie closed at US$0.7473 or US$1=C$1.3382, compared to US$0.7468 or US$1=C$1.3391 on Tuesday. The U.S. Dollar Index was down 0.18 of a point at 102.39.

Crude oil prices dropped on Wednesday, as an influx of supplies pressured markets. Brent crude oil was down US$0.85 at US$76.74 per barrel. West Texas Intermediate (WTI) declined US$0.96 at US$71.28/barrel.

The TSX/S&P Composite Index added 18.44 points at 20,989.42.

Gold shed US$3.20 at US$2,029.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      dn  $ 0.02     at $  2.47

Farmer’s Edge Inc.               up  $ 0.005    at $  0.34

Linamar Corp.                    up  $ 0.51     at $ 63.26

Maple Leaf Foods                 up  $ 0.80     at $ 25.93

Nutrien Ltd.                     dn  $ 0.06     at $ 71.30

RB Global Inc.                   up  $ 0.65     at $ 87.62

(All figures are in Canadian dollars.)