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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, March 27 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, seeing a modest correction after Thursday’s rally.
At 8:39 CDT Friday morning the Canadian dollar was at US$0.7076 or C$1.4132 which compares with Thursday’s North American close of US$0.7104 or C$1.4077.
While stimulus measures introduced earlier in the week remained somewhat supportive, the overarching uncertainty over COVID-19 was weighing on global markets once again on Friday.
Equity and energy markets were both lower, with crude oil losing roughly a dollar per barrel.
The TSX was down by 556.23 points at 8:39 CDT to trade at 12,814.94 points.

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