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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was holding near unchanged Monday morning in thin and choppy activity as markets in the United States were closed for Martin Luther King Jr. Day.
At 8:56 CST Monday morning the Canadian dollar was at US$0.7655 or C$1.3063 which compares with Friday’s North American close of US$0.7656 or C$1.3062.
Canadian home prices increased by 0.2 per cent in December, according to the Neranet-National Bank Composite Price Index. Six out of 11 metropolitan areas saw increases – all in central or eastern Canada. Meanwhile, cities in the Prairies and British Columbia saw steady to lower house prices.
Crude oil prices were slightly firmer in early activity, amid supply concerns in Libya and Iraq.
The TSX was up by 16.20 points at 8:56 CST to sit at 17,575.22.

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