Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Nov. 28 (MarketsFarm) The Canadian dollar was slightly stronger on Thursday morning, holding on to gains made earlier in the week.

At 9:05 CST, the Canadian dollar was at US$0.7527 or C$1.3266, which compares with Wednesday’s North American close of US$0.7531 or C$1.3278.

Global stocks were mostly lower amid light trading activity due to the Thanksgiving holiday.

Oil prices were steady to lower due to the stagnating trade deal between the U.S. and China. Brent Crude was down by 34 cents at US$63.72 per barrel, and West Texas Intermediate (WTI) was down by 18 cents at US$57.93 per barrel.

The TSX was unchanged at 9:05 CST at 17,101.06. The S&P 500 Index was up 13.11 points to hit 3,153.63. The Dow Jones gained 42.32 points at 28,164.00. The NASDAQ increased, up 57.25 to hit 8,705.18.



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