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Canadian Financial Close: Loonie follows oil with losses

By Commodity News Service Canada

WINNIPEG, Feb. 5 (CNS Canada) – The Canadian dollar was down at market close Tuesday as oil prices slip for a second day.
The dollar finished the day at US$0.7614 or US$1=C$1.3134, which compares with Monday’s close of US$0.7618 or C$1.3127.

The S&P/TSX Composite Index closed Tuesday after gaining 100.37 points to finish at 15,702.69 points on reports of strong corporate earnings.

Oil prices were down on Tuesday as a drop factory orders in United States raised concerns of an economic slowdown. West Texas Intermediate crude oil lost 86 cents to close at US$53.70 per barrel. Brent crude oil fell 48 cents to close at US$62.03 per barrel.

Gold was up by 20 cents on Tuesday to US$1,319.50 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients         up $1.15 at $17.84

Buhler Industries                unchanged at $3.61

Linamar Corp.                    up $0.70 at $51.22

Maple Leaf Foods                 up $0.47 at $30.31

Nutrien Ltd.                     up $0.03 at $68.28

Ritchie Bros Auctioneers Inc.    up $0.59 at $48.31

Rocky Mountain Dealerships Inc.  dn $0.13 at $8.90

(All figures are in Canadian dollars.)


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