Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, as investors wait to see what happens next between Russia and Ukraine.
At 8:50 a.m. CST Wednesday morning the Canadian dollar was at US$0.7874 or US$1=C$1.2700, which compares with Friday’s close of US$0.7847 or US$1=C$1.2743.
While sanctions against Russia were being imposed by numerous countries, oil supplies were not yet expected to see any disruption.
Crude oil was slightly softer in early activity, with West Texas Intermediate down by 0.3 per cent at US$91.62 per barrel.
The TSX was higher, up 69.38 points at 8:50 CST, trading at 20,977.20 points.

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