Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, seeing a continuation of Wednesday’s recovery off of nearby lows.
At 9:01 CDT Thursday morning the Canadian dollar was at US$0.7092 or C$1.4100 which compares with Wednesday’s North American close of US$0.6992 or C$1.4302.
Stimulus measures announced by Canada, the United States, and other countries in an effort to deal with the COVID-19 pandemic accounted for some of the activity in the currency markets.
Equities were mostly higher on Thursday, although crude oil remained under pressure.
The TSX was up by 150.98 points at 9:01 CDT to trade at 13,290.21 points.


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