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Canadian Financial Close: Loonie starts the week lower

By MarketsFarm

WINNIPEG, June 29 (MarketsFarm) – The Canadian dollar was relatively steady on Monday, despite a stronger tone for global crude oil prices and stock indices.

The dollar finished the day at US$0.7313 or US$1=C$1.3674, compared to Friday when it closed at US$0.7312 or US$1=C$1.3676.

Global stock indices were broadly stronger due to data indicating a rebound in some sectors of the United States economy.

The TSX Composite Index was up 200.74 points to close at 15,389.72.

Benchmark crude oil prices were slightly stronger on the day due to general optimism regarding a global economic rebound. West Texas Intermediate (WTI) was up US$1.13 to close at US$39.62. Brent Crude was up 59 cents at US$41.61.

Canada’s agricultural sector fared as follows:

Buhler Industries                dn  $ 0.04     at $  2.51
Linamar Corp.                    up  $ 0.76     at $ 38.07
Maple Leaf Foods                 up  $ 0.06     at $ 28.59
Nutrien Ltd.                     dn  $ 0.54     at $ 44.56
Ritchie Bros Auctioneers Inc.    up  $ 0.03     at $ 54.11
Rocky Mountain Dealerships Inc.  up $ 0.10     at $  4.22

(All figures are in Canadian dollars.)

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