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Canadian dollar and business outlook

WINNIPEG, July 2 (MarketsFarm) – The Canadian dollar was stronger following the Canada Day holiday.

     At 8:45 CDT Thursday morning the Canadian dollar was at US$0.7362 or US$1=C$1.3581, which compares with Tuesday’s North American close of US$0.7338 or US$1=C$1.3628.

Global stock indices were stronger following positive economic data from the United States. The country added 4.8 million jobs in June as economies re-open despite steadily increasing cases of COVID-19.

The TSX was up by 288.41 points at 8:50 CDT to trade at 15,805.63 points.

Crude oil prices were stronger to start the day. West Texas Intermediate (WTI) was up by 49 cents at US$40.31 per barrel. Brent Crude was up by 58 cents to trade at US$42.61.

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