Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, January 23 (CNS Canada) – The Canadian dollar was
slightly lower against its U.S. counterpart on Tuesday morning. The
loonie was buffeted by rumours U.S. President Donald Trump could pull
the plug on the North American Free Trade Agreement even as Canada
reportedly signed on to a revised Trans-Pacific Partnership.
According to reports, Canada signed onto the TPP with 10 other
countries. The United States was not a signatory to the agreement.
At 9:05 CST Tuesday morning the Canadian dollar was at US$0.8017
or C$1.2473 which compares with Monday’s North American close of
US$0.8027 or C$1.2458.
The S&P/TSX Composite was treading lower at the open, weighed
down by losses in mining and metals.
At 9:05 CST Tuesday morning, the TSX was down 59.28 points, or
0.36%, at 16,288.70.
The market took some strength from advances in the oil patch.
The price for a barrel of oil (March contract) on the New York
Mercantile Exchange was up 1.18% to US$64.32.

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