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Canadian dollar and business outlook

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Published: February 13, 2018

By Commodity News Service Canada

WINNIPEG, Feb. 13 (CNS Canada) The Canadian dollar was weaker Tuesday morning, as declines in crude oil weighed on the currency.

At 9:10 CST Tuesday morning the Canadian dollar was at US$0.7923 or C$1.2621, which compares with Monday’s North American close of US$0.7935 or C$1.2603.

Expectations for large world crude oil supplies accounted for some of the weakness in oil that spilled into the energy-linked Canadian dollar.

Losses in equity markets were also bearish, as investors backed away from riskier assets.

The TSX was weaker at 9:10 CST, down 65.22 points at 15,176.66.

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