Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 28 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, along with a firm tone for global stock indices.

     At 9:00 CDT Monday morning the Canadian dollar was at US$0.7472 or US$1=C$1.3383, which compares with Friday’s North American close of US$0.7465 or US$1=C$1.3396.

Global stock indices were spurred by gains in the tech sector, along with stocks for travel including Delta and Carnival Cruise Line.

The TSX was up 163.44 points at 9:15 CDT to trade at 16,229.46 points.

Crude oil prices were slightly lower on Monday. West Texas Intermediate (WTI) was down by 13 cents at US$39.80 per barrel. Brent Crude was down by nine cents to trade at US$41.68.

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