Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Feb. 14 (MarketsFarm) The Canadian dollar was firmer Friday morning, as gains in crude oil provided some support.
At 8:44 CST Friday morning the Canadian dollar was at US$0.7551 or C$1.3243 which compares with Thursday’s North American close of US$0.7544 or C$1.3256.
Investors continue to keep a close eye on the novel coronavirus outbreak in China (COVID-19) and its possible impact on the global economy.
Blockades halting rail movement across Canada, in solidarity with the Wet-suwet-en Nation hereditary chiefs protesting a natural gas pipeline through their land, were also keeping some caution in the Canadian markets.
The TSX was down by 5.67 points at 8:44 CST to sit at 17,815.50.


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