Canadian dollar and business outlook

WINNIPEG, Oct. 14 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as the currency continued to consolidate near its recently-hit five-week highs.
At 9:01 CDT Wednesday morning the Canadian dollar was at US$0.7615 or C$1.3132 which compares with Tuesday’s North American close of US$0.7614 or C$1.3133.
Global uncertainty over COVID-19 and the pace of economic recovery led to subdued activity in many markets.
West Texas Intermediate crude oil was up 2.2 per cent in early activity, at US$41.08 per barrel.
The TSX was up by 54.54 points at 9:01 CDT to trade at 16,565.37 points.

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