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Canadian Financial Close: Dollar steady, watching oil

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Published: June 26, 2018

By Commodity News Service Canada

WINNIPEG, June 26 (CNS) – The Canadian dollar was slightly
lower at close Wednesday, as gains in the price of oil helped
soften trade concerns.

The Canadian dollar settled Tuesday at US$0.7515 or
C$1.3306, compared to Monday’s North American close of US$0.7517
or C$1.3303.

Oil prices gained Tuesday, as the United States pushed
allies to halt imports of Iranian crude. Brent crude rose
US$1.30 to US$76.03 per barrel.

In Toronto, the TSX/S&P Composite rose, as gains for the
price of oil provided support. The TSX/S&P added 96.13 points,
or 0.59 percent, to 16,280.09.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.19 at $ 15.26
Buhler Industries————uchanged at $ 3.65
Maple Leaf Foods————-up $ 0.28 at $ 32.49
Nutrien Ltd.—————–up $ 0.90 at $ 72.64

(All figures are in Canadian dollars.)

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