Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, Feb. 12 (CNS Canada) The Canadian dollar was slightly firmer Monday morning, as the currency took a breather after dropping to six-week lows relative to its U.S. counterpart last week.

At 9:10 CST Monday morning the Canadian dollar was at US$0.7939 or C$1.2596, which compares with Friday’s North American close of US$0.7931 or C$1.2609.

Gains in crude oil provided some underlying support for the energy-linked Canadian currency. A firmer tone in the equity markets was also supportive.

The TSX was stronger at 9:10 CST, up 130.12 points at 15,164.65.

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