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Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, MB, October 3, 2016 (CNS Canada) – The Canadian dollar was mostly unchanged against its US counterpart on Monday.

Strength in the US dollar pressured the loonie, but the commodity-linked currency was underpinned by advances in crude oil, which limited declines.

At 9:00 CDT Monday, the Canadian dollar was at US$0.7620 or US$=C$1.3125, which compares with Friday’s North American close of US$0.7623 or US$1=C$1.3117.

There was no significant domestic data released by Statistics Canada on Monday.

The TSX was down 59.19 points at 9:00 CDT Monday morning to sit at 14,666.67.

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