Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, February 16 – The Canadian dollar was higher compared
to its US counterpart Thursday morning, fueled by gains in
commodities.
Gold bullion, crude oil, copper and silver prices were all
higher in early morning trading, which lifted the commodity-linked
currency.
At 8:58 CST Thursday morning the Canadian dollar was at
US$0.7666 or C$1.3045 which compares with Wednesday’s North American
close of US$0.7648 or C$1.3075.
At 8:58 CST Thursday morning, the TSX was up 2.87 points, or

0.02%, at 15,847.82.
A new report by the Conference Board of Canada predicts higher
salaries will return to Alberta’s beleaguered oil patch. The group’s
Mid-Year Pulse Check projects a 1.4 to 1.6 percent increase in salary
projections for the oil and gas sector.

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