Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 21 (MarketsFarm) – The Canadian dollar was lower on Monday, due to a stronger United States dollar index.

     At 8:50 CDT Monday morning the Canadian dollar was at US$0.7535 or US$1=C$1.3271, which compares with Friday’s North American close of US$0.7584 or US$1=C$1.3186.

Global stock indices started the week lower, as large airline companies continue to post losses.

The TSX was down 290.18 points at 8:55 CDT to trade at 15,909.49 points.

Crude oil prices were also lower on Monday. Libya has signalled that crude oil exports will resume, which weighed on global values. West Texas Intermediate (WTI) was down by 84 cents at US$40.27 per barrel. Brent Crude was down US$1.19 to trade at US$41.96.



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