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Canadian Financial Close: Crude oil prices collapse By MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) - The Canadian dollar fell to its lowest level since late March on Wednesday. The loonie closed at US$0.7276 or US$1=C$1.3743, compared to US$0.7293 or US$1=C$1.3711 on Tuesday. The United States Dollar Index lost 0.25 of a point at 106.75. Crude oil prices collapsed on Wednesday with analysts warning of "demand destruction". However, there was another draw from United States stockpiles and Saudi Arabia reiterated its commitment to cut oil output for the rest of 2023. Brent crude oil lost US$4.70 at US$86.22 per barrel. West Texas Intermediate (WTI) fell US$4.55 to US$84.68/barrel. The TSX/S&P Composite Index moved up, adding 13.89 points to 19,034.81. Gold shed US$5.20 at US$1,836.30 per ounce. Canada's agricultural sector fared as follows: Buhler Ind. up $ 0.28 at $ 2.59 Farmer's Edge Inc. dn $ 0.005 at $ 0.15 Linamar Corp. dn $ 0.31 at $ 64.34 Maple Leaf Foods up $ 0.53 at $ 25.96 Nutrien Ltd. up $ 1.51 at $ 79.91 Ritchie Bros Auctioneers Inc. up $ 1.10 at $ 85.60 (All figures are in Canadian dollars.) END
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See What 100 Years Can Do

In July 2016, Farm Credit marked 100 years of support for rural communities and agriculture, a milestone celebrated throughout the year and now drawing to a close. See highlights from Farm Credit's year-long centennial celebration. 

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