Canadian Dollar and Business Outlook

WINNIPEG, Oct. 30 (CNS Canada) The Canadian dollar remained under pressure Monday morning, after falling below 78 U.S. cents last week.

At 9:19 CDT Monday morning the Canadian dollar was at US$0.7788 or C$1.2840 which compares with Friday’s North American close of US$0.7768 or C$1.2874.

Currency traders are awaiting a number of reports this week, including inflation data on Tuesday and the latest jobs report on Friday.

Crude oil was firmer Monday morning, providing some underlying support for the energy-linked Canadian currency.

The TSX was stronger at 9:19 CDT, up 49.57 points at 16,003.1.

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