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Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, May 18 – The Canadian dollar was mostly unchanged against its US counterpart on Thursday.

The commodity-linked loonie was feeling pressure from declines in the crude oil market. However, turbulence in global financial markets limited losses.

At 9:15 CDT Thursday, the Canadian dollar was at US$0.7345 or US$=C$1.3614, which compares with Wednesday’s North American close of US$0.7348 or US$1=C$1.3609.

In Canadian domestic data, foreign investment in Canadian securities amounted to C$15.1 billion in March, largely in Canadian corporate instruments, Statistics Canada said in a report on Thursday.

The TSX was up 0.89 points at 9:15 CDT Thursday morning to sit at 15,274.57.

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