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Canadian Financial Close: Loonie up, crude oil prices down

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Glacier FarmMedia MarketsFarm – The Canadian dollar made its way back above 73 United States cents on Thursday.

The loonie closed at US$0.7311 or US$1=C$1.3678, compared

to US$0.7299 or US$1=C$1.3700 on Wednesday. The United States Dollar Index gained 0.16 of a point at 104.78.

Crude oil prices added onto Wednesday’s losses as U.S. stockpiles declined and gasoline stocks rose. Brent crude oil declined US$0.91 at US$82.69 per barrel. West Texas Intermediate (WTI) dropped US$0.74 at US$78.49/barrel.

The TSX/S&P Composite Index recovered nearly half of Wednesday’s losses, rising 173.73 points at 22,071.71.

Gold was down US$1.30 at US$2,362.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.06     at $  2.15

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.49     at $ 69.56

Maple Leaf Foods                 dn  $ 0.11     at $ 22.75

Nutrien Ltd.                     up  $ 0.15     at $ 78.41

RB Global Inc.                   dn  $ 0.52     at $100.58

(All figures are in Canadian dollars.)