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Canadian dollar and business outlook

WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was slightly softer Tuesday morning, retreating from overnight gains as investors awaited additional details on various stimulus measures in the works.
     At 9:07 CDT Tuesday morning the Canadian dollar was at US$0.6911 or C$1.4470 which compares with Monday’s North American close of US$0.6905 or C$1.4482.
The United States is reportedly working on measures worth up to US$2 trillion in an effort to prop up the economy in the face of the COVID-19 pandemic. Canada and other world governments have also released stimulus packages, while further interest rate cuts are also expected.
The TSX was up by 684.27 points at 9:07 CDT to trade at 11,912.76 points.

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