Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 23 (MarketsFarm) – The Canadian dollar was slightly weaker Wednesday morning, with renewed pandemic concerns and weaker-than-expected economic data out of Europe causing investors to look to the safe haven United States currency.
At 9:02 CDT Wednesday morning the Canadian dollar was at US$0.7496 or C$1.3293 which was down from Tuesday’s North American close of US$0.7513 or C$1.3310.
The Canadian government will unveil an economic recovery plan later on Wednesday. The Liberal government’s throne speech in the afternoon will also be followed by a live address from Prime Minister Justin Trudeau directly to Canadians in the evening.
Texas Intermediate was up 0.35 per cent in early trade, at US$39.94 per barrel.
The TSX was steady at 9:02 CDT to trade at 16,143.05 points.


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