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Canadian Financial Close: Alberta cold toward fiscal update

By Commodity News Service Canada

WINNIPEG, Nov. 22 (CNS Canada) – The Canadian dollar was up slightly at market close Thursday.
The loonie closed at US$0.7573 or US$1=C$1.3205, which compares with Wednesday’s close of US$0.7536 or C$1.3270.
The S&P/TSX Composite Index closed at 15,091.58, down slightly by 3.44 points.
Oil was also down Thursday as United States West Texas Intermediate crude oil fell by 78 U.S. cents to close at US$53.85 per barrel.
Alberta gave a cold reception to Prime Minister Justin Trudeau on Thursday for his government’s fall fiscal update. From the oil industry, to business leaders, to Premier Rachel Notley criticism is being levelled at the feds leaving the beleaguered ‘oil patch’ out of the update. Trudeau is in the province trying to promote the update which includes C$14 billion in corporate tax cuts.

Gold was down Thursday by 10 U.S. cents to US$1,227.90 per ounce.
Markets in the U.S. were closed Thursday for the Thanksgiving holiday.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———dn $ 0.29 at $ 15.85
Buhler Industries—————-unchanged at $ 3.75
Linamar Corp.——————–dn $ 0.80 at $ 49.31
Maple Leaf Foods—————–dn $ 0.01 at $ 29.05
Nutrien Ltd.———————up $ 0.58 at $ 68.30
Ritchie Bros Auctioneers Inc.—-dn $ 0.20 at $ 45.22
Rocky Mountain Dealerships Inc.–up $ 0.14 at $ 9.43

(All figures are in Canadian dollars.)

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