Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, MB, Nov. 23, 2017 (CNS Canada) – The Canadian
dollar was little changed Thursday, as American markets are
closed for Thanksgiving.

At 8:50 CST Thursday morning the Canadian dollar was at
US$0.7859 or C$1.2721, which compares with Wednesday’s North
American close of US$0.7856 or C$1.2729.

Oil prices eased Thursday with United States crude dipping
away from two-year highs reached Wednesday, as worries over
rising output were enough to counter the shutdown of the
Keystone pipeline. U.S. crude futures were down 13 cents at
US$57.89 a barrel.

The Toronto TSX/S&P Composite Index was flat Thursday at
open as traders await the Statistics Canada report for retail
sales in September. The TSX/S&P fell 3.07 points, or 0.08 per
cent, to 16,073.58.

explore

Stories from our other publications