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Canadian Financial Close: Loonie steady, TSX on the rise

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Glacier FarmMedia MarketsFarm – The Canadian dollar stayed relatively steady on Thursday.

The loonie closed at US$0.7276 or US$1=C$1.3743 on Thursday, compared to US$0.7279 or US$1=C$1.3739 on Wednesday.

Meanwhile, the United States Dollar Index was up 0.03 of a point at 103.22.

Crude oil prices continued to rise amidst tensions in the Middle East. West Texas Intermediate (WTI) rose US$0.82 at US$76.05 per barrel. Brent crude oil advanced US$0.67 at US$79.00/barrel.

The TSX Composite Index jumped 344.66 points to close at 21,225.61 after the U.S. Labor Department reported a larger-than-expected drop in unemployment claims in July.

Gold surged US$30.90 at US$2,463.30 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.02     at $  2.05

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 2.11     at $ 63.30

Maple Leaf Foods                 dn  $ 2.38     at $ 23.05

Nutrien Ltd.                     dn  $ 1.50     at $ 63.23

RB Global Inc.                   up  $ 1.37     at $107.47

(All figures are in Canadian dollars.)