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Canadian dollar and business outlook

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Published: April 3, 2018

By Commodity News Service Canada

WINNIPEG, April 3 (CNS Canada) The Canadian dollar was stronger Tuesday morning, as advances in crude oil provided some support.

At 9:09 CDT Tuesday morning the Canadian dollar was at US$0.7795 or C$1.2829, which compares with Monday’s North American close of US$0.7747 or C$1.2908.

After dropping sharply yesterday crude oil was correcting higher in early activity, which underpinned the energy-linked Canadian currency.

Renewed optimism that a deal will be reached on the North American Free Trade Agreement (NAFTA) also provided some support.

The TSX was weaker at 9:09 CDT, down 20.73 points at 15,192.92.

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