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Canadian dollar and business outlook

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Published: December 17, 2020

By MarketsFarm

WINNIPEG, Dec. 17 (MarketsFarm) – The Canadian dollar was firmer Thursday morning, amid news that the United States was getting closer to agreeing on COVID-19 stimulus measures.
At 8:46 CST Thursday morning the Canadian dollar was at US$0.7866 or C$1.2713 which compares with Wednesday’s North American close of US$0.7841 or C$1.2753.
In domestic data, Canadian home prices were up 0.9 per cent in November compared to the previous month, according to the Teranet-National Bank Composite House Price Index. That marked the strongest monthly gain in the 22 years of the index’s existence.
West Texas Intermediate crude oil was up 0.8 per cent in early activity, at US$48.40 per barrel.
The TSX was up by 94.96 points at 8:46 CST to trade at 17,662.38 points.

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