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Canadian Financial Close: C$ weakens after throne speech

By MarketsFarm

WINNIPEG, Sept. 23 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, falling below 75 U.S. cents as markets reacted to the Canadian government’s pandemic recovery plan.
The Canadian dollar closed at US$0.7486 or US$1=C$1.3358, which compares with Tuesday’s North American close of US$0.7513 or US$1=C$1.3310.
The Liberal’s speech from the throne included plans to extend and expand emergency support programs noting that “this is no time for austerity.”
West Texas Intermediate crude oil was slightly weaker, losing 0.75 per cent, at US$39.50 per barrel.
The TSX Composite Index was weaker, down 325.78 points, or 2.02 per cent, to close at 15,817.11 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————-dn $ 0.03 at $ 2.39
Linamar Corp.——————–dn $ 0.39 at $ 37.78
Maple Leaf Foods—————–dn $ 0.43 at $ 26.97
Nutrien Ltd.———————dn $ 1.12 at $ 52.87
Ritchie Bros Auctioneers Inc.—-dn $ 0.95 at $ 75.41
Rocky Mountain Dealerships Inc.–up $ 0.06 at $ 5.62

(All figures are in Canadian dollars.)

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