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Canadian Financial Close: Loonie up, crude oil jumps

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Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week on a positive note on Friday.

The loonie closed at US$0.7416 or US$1=C$1.3484, compared to US$0.7411 or US$1=C$1.3493 on Thursday. The United States Dollar Index was down 0.01 of a point at 104.29.

Crude oil prices rose on Friday amidst tensions in the Middle East. Brent crude oil increased US$0.41 at US$83.27 per barrel. West Texas Intermediate (WTI) jumped US$1.13 at US$79.16/barrel.

The TSX/S&P Composite Index was up 32.92 points at 21,225.61.

Gold gained US$10.30 at US$2,025.20 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.17

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.20     at $ 66.85

Maple Leaf Foods                 up  $ 0.18     at $ 26.07

Nutrien Ltd.                     up  $ 1.03     at $ 68.92

RB Global Inc.                   dn  $ 0.25     at $ 92.98

(All figures are in Canadian dollars.)