Canadian dollar and business outlook

WINNIPEG – The Canadian dollar was slightly weaker Monday morning, taking some direction from losses in the global crude oil markets.
At 8:44 CST Monday morning the Canadian dollar was at US$0.7514 or C$1.3308 which compares with Friday’s North American close of US$0.7526 or C$1.3287.
Crude oil was slightly off its recently hit two-month highs to start the week, as lingering uncertainty over China/U.S. trade talks kept some caution in the energy markets.
Canadian wholesale trade increased by 1.0 per cent in September, hitting C$65.1 billion, according to a report from Statistics Canada. The rise offset a 1.2 per cent decline the previous month, with sales up in five of seven subsectors.
The TSX was up by 40.83 points at 8:44 CST to sit at 16,995.67.

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