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Canadian Financial Close: Loonie stands pat

Big drops in greenback, crude oil

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Published: November 25, 2024

By Glen Hallick

Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Monday, despite major movements in the United States dollar and crude oil.

The loonie closed at US$0.7153 or US$1=C$1.3980 compared to Friday’s finish of US$0.7154 or US$1=1.3979. On the U.S. Dollar Index, the greenback lost 0.662 of a point at 106.845.

Benchmark crude oil prices fell on Monday on hopes of a ceasefire deal between Israel and Hezbollah.

Brent crude oil retreated US$2.04 at US$73.13 per barrel and West Texas Intermediate dropped US$2.16 at US$69.08.

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The TSX Composite Index dipped 33.93 points on Monday to close at 25,410.35.

Gold plummeted US$83.60 at US$2,628.60 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries                unchanged      at $  2.88

Farmers Edge Inc.                unchanged      at $ 0.345

Linamar Corp.                    up $ 1.56      at $ 63.41

Maple Leaf Foods                 up $ 0.72      at $ 23.34

Nutrien Ltd.                     dn $ 0.16      at $ 65.45

	
RB Global Inc.                   up $ 0.86      at $137.55

(All figures are in Canadian dollars)

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