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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sep. 19 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning, lacking any real clear direction.
At 9:15 CDT Thursday morning the Canadian dollar was at US$0.7538 or C$1.3266 which compares with Wednesday’s North American close of US$0.7535 or C$1.3271.
Currency traders were still digesting Wednesday’s move by the U.S. Federal Reserve to cut its key overnight rate by 25 points. U.S. President Donald Trump had wanted to see a larger cut, but the Fed was taking a more measured approach to the economy.
Crude oil was firmer in early activity, providing some support for the energy-linked Canadian dollar.
The TSX was stronger Thursday morning, up 63.71 points at 9:15 CDT to sit at 16,864.00.

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