Canadian Dollar and Business Outlook: Loonie staying put

Compiled by Glen Hallick, MarketsFarm

WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar was holding firm on Friday morning, as the United States was little moved as well.

As of 8:31 CDT, the Canadian dollar was virtually unchanged at US$0.7891 or C$1.2675 compared to Thursday’s close of US$0.7890 or C$1.2674.

On the U.S. Dollar Index, the greenback was relatively steady, up 0.016 at 92.935 points.

Benchmark crude oil prices were lower Friday morning as more U.S. production slowly comes back online.
West Texas Intermediate (WTI) lost 90 cents at US$71.71 per barrel. Brent crude oil was down 67 cents at US$75.00 per barrel. Western Canadian Select (WCS) gave up 89 cents at US$59.63 per barrel.

At the opening the TSX/S&P Composite Index slipped back 83.12 points at 20,549.18.

Gold was down US$4.60 at US$1,752.10 per ounce.

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