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Canadian Financial Close: Loonie, crude oil retreat

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Published: October 24, 2022

WINNIPEG – The Canadian dollar took a small step back on Monday.

The loonie closed at US$0.7288 or US$1=C$1.3722, down from US$0.7292 or US$1=C$1.3713 on Friday. The United States Dollar Index shed 0.01 of a point at 111.00.

Crude oil prices were also lower. Brent crude oil declined US$0.10 per barrel to US$93.40. West Texas Intermediate (WTI) crude oil lost US$0.29 at US$84.76/barrel. Western Canadian Select (WCS) dropped US$0.39/barrel to US$58.33.

The TSX/S&P Composite Index gained 57.45 points to 18.918.40.

Gold declined US$2.50 at US$1,653.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind. dn $ 0.17 at $ 1.81
Farmer’s Edge Inc. dn $ 0.03 at $ 0.50
Linamar Corp. up $ 1.10 at $ 56.11
Maple Leaf Foods dn $ 0.20 at $ 19.72
Nutrien Ltd. dn $ 4.74 at $108.33
Ritchie Bros Auctioneers Inc. up $ 1.38 at $ 87.38

(All figures are in Canadian dollars.)

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