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Canadian Financial Close: Loonie up, crude oil falls

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Glacier FarmMedia MarketsFarm – The Canadian dollar made a small step upwards on Wednesday.

The loonie was at US$0.7428 or US$1=C$1.3462, compared to US$0.7425 or US$1=C$1.3468 on Tuesday. The United States Dollar Index jumped 0.51 of a point at 100.97.

Crude oil fell on Wednesday on signs supply disruptions in Libya were easing. West Texas Intermediate (WTI) lost US$1.75 at US$69.81 per barrel. Brent crude oil dropped US$1.59 at US$73.58/barrel.

The TSX Composite Index declined 46.34 points at 23,905.88.

Gold added US$6.80 at US$2,683.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.40

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 1.68     at $ 62.54

Maple Leaf Foods                 dn  $ 0.24     at $ 21.76

Nutrien Ltd.                     dn  $ 0.46     at $ 63.66

RB Global Inc.                   dn  $ 2.37     at $110.75

(All figures are in Canadian dollars.)