Canadian Dollar And Business Outlook

Posted

By Commodity News Service Canada


Winnipeg, February 16 – The Canadian dollar was higher compared

to its US counterpart Thursday morning, fueled by gains in

commodities.

Gold bullion, crude oil, copper and silver prices were all

higher in early morning trading, which lifted the commodity-linked

currency.

At 8:58 CST Thursday morning the Canadian dollar was at

US$0.7666 or C$1.3045 which compares with Wednesday’s North American

close of US$0.7648 or C$1.3075.

At 8:58 CST Thursday morning, the TSX was up 2.87 points, or

0.02%, at 15,847.82.

A new report by the Conference Board of Canada predicts higher

salaries will return to Alberta’s beleaguered oil patch. The group’s

Mid-Year Pulse Check projects a 1.4 to 1.6 percent increase in salary

projections for the oil and gas sector.