Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, July 9 (MarketsFarm) – The Canadian dollar was higher on Thursday, along with a stronger tone for global stock indices.

     At 8:45 CDT Thursday morning the Canadian dollar was at US$0.7404 or US$1=C$1.3506, which compares with Wednesday’s North American close of US$0.7387 or US$1=C$1.3538.

Stocks were mostly higher on Thursday morning following data from the United States Department of Labor that showed unemployment insurance claims have fallen in recent weeks.

The TSX was down by 23.28 points at 8:55 CDT to trade at 15,608.91 points.

Crude oil prices were slightly weaker following reports of large stockpiles in the United States. West Texas Intermediate (WTI) was down by 44 cents at US$40.46 per barrel. Brent Crude was down by 18 cents to trade at US$43.11.

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