Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, June 24 (MarketsFarm) The Canadian dollar was firm Monday morning, as recent strength in crude oil helped underpin the energy-linked currency.
At 9:06 CDT Monday morning the Canadian dollar was at US$0.7572 or C$1.3207 which compares with Friday’s North American close of US$0.7569 or C$1.3212.
Mounting tensions between the United States and Iran kept the global oil market underpinned to start the week.
Ideas that the U.S. Federal Reserve may be taking a more dovish stance on interest rates going forward also lent some relative strength to the Canadian currency.
The TSX was softer Monday morning, down 13.99 points at 9:07 CDT to sit at 16,511.44.

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