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Canadian Financial Close: Dollar up after Turkey lira recovery

Published: August 14, 2018

By Commodity News Service Canada

WINNIPEG, Aug 14 (CNS) – The Canadian dollar closed higher
Tuesday, as global markets recovered after the Turkish lira
pulled out its nosedive.

The Canadian dollar settled Tuesday at US$0.7641 or
C$1.3087, compared to Monday’s North American close of US$0.7613
or C$1.3136.

Oil prices fell Tuesday, as the United States dollar hit a
13-month high against numerous currencies. Brent crude futures
dropped 15 cents to US$72.46 per barrel. U.S West Texas
Intermediate crude lost 16 cents to settle at US$67.04 per
barrel. U.S. gold futures rose US$1.80 to settle at US$1,200.70
per ounce.

In Toronto, the S&P/TSX Composite closed higher Tuesday,
adding 79.92 points, or 0.49 per cent, to settle at 16,330.67.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———unchanged at $ 18.30
Buhler Industries—————-dn $ 0.02 at $ 3.60
Linamar Crop.——————–up $ 1.06 at $ 55.21
Maple Leaf Foods—————–up $ 0.33 at $ 30.83
Nutrien Ltd.———————up $ 0.13 at $ 73.68
Ritchie Bros Auctioneers Inc.—-dn $ 0.21 at $ 49.27
Rocky Mountain Dealerships Inc.–dn $ 0.10 at $ 10.45

(All figures are in Canadian dollars.)

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