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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar was slightly firmer relative to its United States counterpart early Tuesday, although facing some resistance to the upside.
At 9:06 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.8029 or US$1=C$1.2455 which compares with Tuesday’s North American close of US$0.8025 or US$1=C$1.2461.
Better-than-expected U.S. inflation data and a slight downturn in crude oil put some pressure on the currency.
West Texas Intermediate was down 1.1 per cent at US$79.74 per barrel.
The TSX was stronger, up 44.27 points at 9:06 CDT, trading at 20,481.39 points.

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