Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Aug. 13 (MarketsFarm) – The Canadian dollar was firmer Thursday morning, touching fresh six-month highs relative to its United States counterpart.
At 9:10 CDT Thursday morning the Canadian dollar was at US$0.7568 or C$1.3214 which compares with Wednesday’s North American close of US$0.7545 or C$1.3254.
General weakness in the U.S. dollar internationally accounted for some of the relative strength in the Canadian dollar.
Crude oil was steady in early trade, with West Texas Intermediate down only 0.1 per cent at US$42.63 per barrel.
The TSX was down by 23.43 points at 9:10 CDT to trade at 16,551.85 points.

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