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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, seeing some stability after falling to six-week lows relative to its United States counterpart on Monday.
At 9:01 CDT Tuesday morning the Canadian dollar was at US$0.7523 or C$1.3293 which was unchanged from Monday’s North American close of US$0.7523 or C$1.3293.
Concerns over a second wave of COVID-19 had weighed on world markets on Monday, including the Canadian dollar.
However, equities and crude oil were recovering on Tuesday.
West Texas Intermediate was up 1.2 per cent in early trade, at US$40.04 per barrel.
The TSX was up 61.66 points at 9:01 CDT to trade at 16,043.43 points.

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