Canadian dollar and business outlook

WINNIPEG – The Canadian dollar was holding steady Monday morning.
At 9:01 CDT Monday morning the Canadian dollar was at US$0.7562 or C$1.3224 which compares with Friday’s North American close of US$0.7564 or C$1.3221.
Ongoing concerns over the trade war between the United States and China weighed on North American equity markets on Monday, with some analysts predicting a recession.
There were no significant domestic economic releases Monday morning.
Crude oil was firmer in early trade, with West Texas Intermediate trading at just over US$55 per barrel.
The TSX was weaker Monday morning, down 43.59 points at 9:01 CDT to sit at 16,297.75.

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