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Canadian Dollar And Business Outlook

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Published: June 12, 2018

By Commodity News Service Canada

Winnipeg, June 12 (CNS Canada) – The Canadian dollar was
slightly lower against its U.S. counterpart on Tuesday morning,
pressured by losses in crude oil, natural gas and gold prices.
The loonie was also weighed down by investor worries about the
state of the trading relationship between Canada and the United
States. U.S. President Donald Trump warned Canadians they stood to
lose a “lot of money” after a volatile meeting of the G7 leaders in
Quebec.
At 9:00 CDT Tuesday morning the Canadian dollar was at US$0.7691
or C$1.3002 which compares with Monday’s North American close of
US$0.7696 or C$1.2993.
At 9:00 CDT Tuesday morning, the TSX was down 20.14 points, or
0.12%, at 16,243.15.

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