Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar continued to weaken relative to its United States counterpart Friday morning, amid mounting concerns over a second-wave of the COVID-19 pandemic.
At 9:18 CDT Friday morning the Canadian dollar was at US$0.7469 or C$1.3389 which was down from Thursday’s North American close of US$0.7477 or C$1.3374.
A softer tone in crude oil contributed to the weakness in the energy-linked Canadian dollar.
West Texas Intermediate was down roughly one per cent in early trade, at US$39.93 per barrel.
The TSX was down 75.69 points at 9:18 CDT to trade at 15,836.57 points.


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