Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, MB, June 18, 2018 (CNS Canada) – The Canadian
dollar was lower Friday, pressured by news that North American
Free Trade Agreement talks had turned sour between the United
States and Canada and that a deal may not be reached today.

At 9:36 CDT Friday morning the Canadian dollar was at
US$0.7669 or C$1.3040, which compares with Thursday’s North
American close of US$0.7704 or C$1.2980.

Oil prices were down Friday. U.S. crude prices were down 0.3
percent a barrel, while Brent crude lost 0.2 percent.

The Toronto TSX/S&P Composite Index opened lower Friday. The
TSX/S&P dropped 26.22 points, or 0.16 percent, at 16,345.33.

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