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Canadian Financial Close: Loonie up, crude oil declines

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Glacier FarmMedia MarketsFarm – The Canadian dollar increased slightly on Monday.

The loonie closed at US$0.7322 or US$1=C$1.3658, compared to US$0.7316 or US$1=C$1.3668 on Friday. The United States Dollar Index declined 0.32 of a point at 105.62.

Crude oil prices dropped as Israel and Hamas sit down for peace talks in Cairo. Brent crude oil fell US$1.02 at US$88.48 per barrel. West Texas Intermediate (WTI) cut US$1.10 at US$82.75/barrel.

The TSX/S&P Composite Index gained 42.38 points at 21,011.62.

Gold added US$1.00 at US$2,348.20 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.23

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.14     at $ 66.26

Maple Leaf Foods                 up  $ 0.21     at $ 22.50

Nutrien Ltd.                     up  $ 2.18     at $ 74.01

RB Global Inc.                   up  $ 0.83     at $100.80

(All figures are in Canadian dollars.)