Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 29 (MarketsFarm) – The Canadian dollar was steady on Tuesday, due to a strengthening United States dollar.

     At 8:40 CDT Tuesday morning the Canadian dollar was at US$0.7474 or US$1=C$1.3379, which compares with Monday’s North American close of US$0.7475 or US$1=C$1.3378.

A recent report from Standard & Poor’s showed U.S. home price accelerated in July despite grappling with the COVID-19 pandemic. The national home pricing index posted a 4.8 per cent annual gain in July, after posting a 4.3 per cent gain in June.

The TSX was down 53.97 points at 8:45 CDT to trade at 16,185.63 points.

Crude oil prices were slightly lower on Monday. West Texas Intermediate (WTI) was down by 36 cents at US$40.24 per barrel. Brent Crude was down by 28 cents to trade at US$42.15.



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