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Canadian Financial Close: Loonie firms with commodities

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Published: July 6, 2017

By Commodity News Service Canada

WINNIPEG, July 6 – The Canadian dollar advanced against its US counterpart on Thursday, following gains in crude oil and metals.

Trading was range-bound ahead of June labour figures, which will be released on Thursday.

The loonie ended Thursday at US$0.7724 cents or C$1.2946, compared to Wednesday’s close of US$0.7703 or C$1.2982.

In Toronto, the S&P/TSX Composite Index fell 75.12 points, or 0.50%, to 15,078.00.

Losses in mining and technology pointed the way lower. Barrick Gold suffered a loss of 1.6% on the day while Lundin Mining declined 1.5%.

Tech giant Blackberry also took a hit, losing 1.8%.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.13 at $ 23.56
Agrium Incorporated———-dn $ 0.92 at $117.25
Buhler Industries————– $ 0.00 at $ 4.23
Maple Leaf Foods————-dn $ 0.03 at $ 32.59
Potash Corp. of Sask———dn $ 0.18 at $ 21.07

(All figures are in Canadian dollars.)

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