Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, March 1 (CNS Canada) The Canadian dollar was weaker Thursday morning, as losses in crude oil put some pressure on the energy-linked currency.

At 9:10 CST Thursday morning the Canadian dollar was at US$0.7782 or C$1.2850, which compares with Wednesday’s North American close of US$0.7807 or C$1.2809.

Canada’s current account deficit narrowed to C$16.35 billion in the fourth quarter, according to a report from Statistics Canada. That came in below trade estimates and compares with the revised third quarter deficit of C$18.59 billion.

The TSX was weaker at 9:10 CST, down 79.23 points at 15,363.45.

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