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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Dec. 4 (MarketsFarm) – The Canadian dollar was stronger on Friday morning.

     At 8:45 CST Friday morning the Canadian dollar was at US$0.7792 or US$1=C$1.2833, which compares with Thursday’s North American close of US$0.7764 or US$1=C$1.2880.

Global stock indices were stronger. Statistics Canada reported the Canadian economy added 62,000 jobs in November, which was well above expectations of around 20,000 jobs. The TSX was up 72.1 points at 8:50 CST to trade at 17,466.94 points.

Crude oil prices were slightly stronger 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 up nine cents at US$45.11 per barrel. Brent Crude gained 17 cents to trade at US$48.88.

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