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Canadian dollar and business outlook

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Published: December 20, 2019

By MarketsFarm

WINNIPEG, Dec. 20 (MarketsFarm) The Canadian dollar was slightly lower on Friday, remaining just above 76 U.S. cents.

At 9:00 CST, the Canadian dollar was at US$0.7601 or C$1.3156, which compares with Thursday’s North American close of US$0.7621 or C$1.3119.

Stocks were mixed due to general global unease as the United Kingdom comes one step closer to leaving the European Union next month. Prime Minister Boris Johnson’s current bill offers “no possibility” of a further delay, with a transition period that would end on Dec. 31, 2020.

Oil prices were slightly lower following reports that U.S. stockpiles were higher than originally expected. Brent Crude was down by 32 cents at US$66.22 per barrel, and West Texas Intermediate (WTI) was down by 63 cents at US$60.55 per barrel.

The TSX was slightly stronger at 9:00 CST, up by 61.14 points at 17,124.48. The S&P 500 Index was up 13.21 points to hit 3,218.68 The Dow Jones gained 96.99 points at 28,477.11. The NASDAQ increased, up 18.90 to hit 8,905.71.

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