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Canadian Financial Close: Dollar down again

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Published: June 12, 2018

By Commodity News Service Canada

WINNIPEG, June 11 (CNS) – The Canadian dollar settled lower
Tuesday, as trade uncertainty between Canada and the United
States continued on.

The Canadian dollar settled Tuesday at US$0.7690 or
C$1.3004, compared to Monday’s North American close of US$0.7696
or C$1.2993.

Oil prices were mixed Tuesday, as investors prepared for a
key meeting of the Organization of the Petroleum Exporting
Countries next week. Brent crude dropped 66 cents to US$75.80
per barrel, while United States west Texas intermediate crude
added 15 cents to US$66.25 per barrel.

In Toronto, the TSX/S&P Composite rose Tuesday, supported
by U.S. President Donald Trump and North Korean Leader Kim Jong-
un ending their historic summit. The TSX/S&P added 25.69 points,
to 16,288.98.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.04 at $ 15.65
Buhler Industries————unchanged at $ 3.88
Maple Leaf Foods————-up $ 0.34 at $ 31.15
Nutrien Ltd.—————–up $ 0.07 at $ 68.60

(All figures are in Canadian dollars.)

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