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Canadian Financial Close: TSX drops with trade worries

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Published: June 25, 2018

By Commodity News Service Canada

WINNIPEG, June 25 (CNS) – The Canadian dollar was mostly
unchanged at close Monday, as trade tensions continued to weigh
on the stock market.

The Canadian dollar settled Monday at US$0.7517 or
C$1.3303, compared to Friday’s North American close of US$0.7514
or C$1.3308.

Oil prices fell Monday, as investors prepared for an extra
one million barrels per day in output following the Organization
of the Petroleum Exporting Countries’ decision to raise
production. Brent crude fell 1.18 per cent to US$74.66 per
barrel.

In Toronto, the TSX/S&P Composite dropped Monday, as trade
tensions continued to rise and weigh on the market. The TSX/S&P
lost 266.18 points, or 1.6 percent, to 16,183.96 – its worst
decline since March.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.11 at $ 15.07
Buhler Industries————up $ 0.05 at $ 3.65
Maple Leaf Foods————-up $ 0.05 at $ 32.21
Nutrien Ltd.—————–up $ 0.52 at $ 71.74

(All figures are in Canadian dollars.)

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