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Canadian Financial Close: Dollar down with trade uncertainty

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Published: June 14, 2018

By Commodity News Service Canada

WINNIPEG, June 14 (CNS) – The Canadian dollar fell in value
Thursday, as trade concerns weighed on the market.

The Canadian dollar settled Thursday at US$0.7662 or
C$1.3052, compared to Wednesday’s North American close of
US$0.7699 or C$1.2988.

Oil prices were mixed Thursday, with Brent crude slipping
and United States crude gaining. Analysts were now looking ahead
to a key supply-setting meeting of the Organization of the
Petroleum Exporting Countries loomed. Brent crude dropped 80
cents to settle at US$75.94 per barrel, while U.S. crude added
25 cents to hit US$66.89 per barrel.

In Toronto, the TSX/S&P Composite rose Thursday, supported
by gains for Enbridge Inc. shares. The TSX/S&P added 63.14
points, or 0.39 percent, to 16,328.96.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.23 at $ 15.27
Buhler Industries————dn $ 0.04 at $ 3.84
Maple Leaf Foods————-up $ 0.24 at $ 31.17
Nutrien Ltd.—————–up $ 0.77 at $ 70.31

(All figures are in Canadian dollars.)

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