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Canadian Financial Close: Loonie higher into the weekend

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Published: September 4, 2020

By MarketsFarm

WINNIPEG, Sept. 4 (MarketsFarm) – The Canadian dollar was stronger ahead of the Labour Day long weekend.

The dollar finished the day at US$0.7654 or US$1=C$1.3064, compared to Thursday when it closed at US$0.7620 or US$1=C$1.3123.

The TSX Composite Index lost 230.88 points to close at 16,218.01.

Benchmark crude oil prices were weaker. West Texas Intermediate (WTI) was down $1.86 to close at US$39.51. Brent Crude was down US$1.66 at US$42.41.

Canada’s agricultural sector fared as follows:

Buhler Int.  unchanged      at $ 2.55
Linamar Corp.                    dn $ 0.34     at $ 41.67
Maple Leaf Foods                 dn $ 0.39     at $ 28.31
Nutrien Ltd.                     up  $ 0.21     at $ 49.21
Ritchie Bros Auctioneers Inc.    dn  $ 1.39     at $ 74.61
Rocky Mountain Dealerships Inc.  dn $ 0.35     at $  5.50

(All figures are in Canadian dollars.)

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