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Canadian Financial Close: Loonie steady on Friday

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Published: August 21, 2020

By MarketsFarm

WINNIPEG, Aug. 21 (MarketsFarm) – The Canadian dollar was steady at Friday’s close.

The dollar finished the day at US$0.7573 or US$1=C$1.3205, compared to Thursday when it closed at US$0.7579 or US$1=C$1.3195.

Global stock indices were mostly higher, led by gains in the tech sector. Stock performances were also supported by economic data indicating the economy’s steady recovery from the COVID-19 pandemic.

The TSX Composite Index lost 88.91 points to close at 16,517.85.

Benchmark crude oil prices were slightly weaker. West Texas Intermediate (WTI) was down 53 cents to close at US$42.86. Brent Crude was down 59 cents at US$44.89.
Canada’s agricultural sector fared as follows:

Buhler Int.  dn  $ 0.03     at $ 2.48
Linamar Corp.                    dn  $ 0.27     at $ 41.26
Maple Leaf Foods                 up $ 0.18     at $ 29.84
Nutrien Ltd.                     dn  $ 1.22     at $ 49.23
Ritchie Bros Auctioneers Inc.    up  $ 0.24     at $ 83.22
Rocky Mountain Dealerships Inc.  up $ 0.10     at $  5.25

(All figures are in Canadian dollars.)

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