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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday.

     At 8:30 CST Thursday morning the Canadian dollar was at US$0.7745 or US$1=C$1.2911, which compares with Wednesday’s North American close of US$0.7732 or US$1=C$1.2934.

Crude oil prices were slightly lower in early activity, following reports that the Organization of Petroleum Exporting Countries and its allies (OPEC+) have agreed to ease output restriction in February. West Texas Intermediate (WTI) was down 17 cents at US$45.11 per barrel. Brent Crude lost 11 cents to trade at US$48.14.

Global stock indices were stronger on Thursday morning following news that U.S. jobless claims were lower than expected last week. The TSX was up 67.2 points at 8:45 CST to trade at 17,426.59 points.


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