Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, June 29 (MarketsFarm) – The Canadian dollar was steady on Monday morning.

     At 8:50 CDT Monday morning the Canadian dollar was at US$0.7313 or US$1=C$1.3674, which compares with Friday’s North American close of US$0.7312 or US$1=C$1.3676.

Global stock indices started the week mixed due to concerns that the COVID-19 pandemic is far from over. Global cases topped 10 million over the weekend.

Crude oil prices started the morning slightly higher due to weakness in global currencies, including the United States dollar.

The TSX was up by 41.63 points at 8:55 CDT to trade at 15,230.67 points.

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