Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Dec. 9 (MarketsFarm) – The Canadian dollar was softer Thursday morning, a day after the Bank of Canada left its key overnight rate unchanged at 0.25 per cent and maintained guidance calling for interest rate increases in the ‘middle quarters of 2022.’
At 8:46 a.m. CST Thursday morning the Canadian dollar was at US$0.7883 or US$1=C$1.2686 which compares with Wednesday’s close of US$0.7910 or US$1=C$1.2642.
Crude oil was lower in early trade. West Texas Intermediate was down 0.7 per cent at US$71.84 per barrel.
The TSX was weaker, down 90.32 points at 8:46 CST, trading at 20,987.03 points.

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