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Canadian Financial Close: Loonie up, crude oil dips

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Glacier FarmMedia MarketsFarm – The Canadian dollar inched its way back to the 74 United States cent mark on Thursday.

The loonie closed at US$0.7400 or US$1=C$1.3514, compared to US$0.7394 or US$1=C$1.3525 on Wednesday. The U.S. Dollar Index dropped 0.25 of a point at 101.11.

Crude oil stayed relatively steady compared to the past two days. West Texas Intermediate (WTI) was down US$0.08 at US$69.12 per barrel. Brent crude oil declined US$0.07 at US$72.63/barrel.

The TSX Composite Index dropped 52.48 points at 22,998.28.

Gold rose US$19.30 at US$2,545.30 per ounce.

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  $ 0.63     at $ 61.46

Maple Leaf Foods                 dn  $ 0.12     at $ 22.18

Nutrien Ltd.                     dn  $ 0.63     at $ 62.83

RB Global Inc.                   dn  $ 0.29     at $113.26

(All figures are in Canadian dollars.)