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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was showing some modest strength Tuesday morning, recovering from the one-week lows relative to its United States counterpart hit on Monday.
At 8:51 CST Tuesday morning the Canadian dollar was at US$0.7873 or US$1=C$1.2702 which compares with Monday’s North American close of US$0.7851 or US$1=C$1.2738.
Gains in crude oil provided some spillover support for the energy-linked currency. West Texas Intermediate was up by 0.5 per cent in early activity, at US$53.02 per barrel.
The TSX was down by 13.38 points at 8:51 CST to trade at 17,892.64 points.

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