Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Nov. 27 (MarketsFarm) – The Canadian dollar was stronger Friday morning, moving past major chart points. However, activity in the currency markets remained thin with many participants in the United States keeping to the sidelines for an extended Thanksgiving break.
At 8:47 CST Friday morning the Canadian dollar was at US$0.7701 or C$1.2985 which compares with Thursday’s North American close of US$0.7685 or C$1.3013.
Crude oil was slightly weaker in early trade, as the market continued to back away from its nearby highs.
West Texas Intermediate crude oil was down 0.9 per cent, at US$45.29 per barrel.
The TSX was down by 17.21 points at 8:47 CST to trade at 17,334.13 points.


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