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Canadian Financial Close: Loonie down after Monday surge

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Published: October 2, 2018

By Commodity News Service Canada

WINNIPEG, Oct. 2 (CNS) – The Canadian dollar closed lower
Tuesday, losing some of the ground it gained yesterday.

The Canadian dollar settled Tuesday at US$0.7802 or
C$1.2817, compared to Monday’s North American close of US$0.7811
or C$1.2803.

Oil prices eased slightly Tuesday after rallying the last
few days. Brent crude futures lost 18 United Sates cents to
US$84.45 per barrel, while U.S. crude futures fell seven U.S.
cents to close at US$75.23 per barrel.

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Gold prices rose Tuesday, as investors bought up gold
following anti-Euro comments from an Italy. Spot gold rose 1.3
per cent to US$1,202.81 per ounce, while U.S. gold futures for
December delivery gained 1.28 per cent to US$1,207 per ounce.

In Toronto, the S&P/TSX Composite closed lower Tuesday,
falling 87.20 points, or 0.54 per cent, to settle at 16,017.23.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———dn $ 0.19 at $ 17.53
Buhler Industries—————-unchanged at $ 3.60
Linamar Crop.——————–dn $ 0.41 at $ 62.85
Maple Leaf Foods—————–up $ 1.89 at $ 32.51
Nutrien Ltd.———————dn $ 0.01 at $ 74.82
Ritchie Bros Auctioneers Inc.—-up $ 0.19 at $ 46.52
Rocky Mountain Dealerships Inc.–dn $ 0.05 at $ 10.21

(All figures are in Canadian dollars.)

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