Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar was weaker Friday morning, taking back some of Thursday’s gains as the United States currency recovered internationally.
At 8:55 a.m. CDT Friday morning, the Canadian dollar was at US$0.7881 or US$1=C$1.2689 which compares with Thursday’s North American close of US$0.7903 or US$1=C$1.2653.
An increased appetite for risk in the global markets had helped the Canadian dollar post solid gains on Thursday, but that appetite had faded somewhat on Friday amid ongoing concerns over the fate of Chinese real estate company Evergrande.
West Texas Intermediate crude oil was up 0.1 per cent at US$73.38 per barrel.
The TSX was stronger, down 34.34 points at 8:55 CDT, trading at 20,427.59 points.


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