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Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, May 14 (CNS Canada) The Canadian dollar was stronger Monday morning, as gains in crude oil and broad-based weakness in the United States dollar internationally provided support.

At 9:05 CDT Monday morning the Canadian dollar was at US$0.7840 or C$1.2755, which compares with Friday’s North American close of US$0.7825 or C$1.2779.

Investors are keeping an eye on ongoing negotiations for the North American Free Trade Agreement.

The TSX was stronger at 9:06 CDT, up 77.07 points at 16,060.39.


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