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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 13 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as general strength in the United States dollar internationally put some pressure on the currency.
At 8:45 a.m. CDT Monday morning, the Canadian dollar was at US$0.7902 or US$1=C$1.2655 which compares with Friday’s North American close of US$0.7917 or US$1=C$1.2631.
However, strength in crude oil provided some underlying support amid ongoing concerns over disruptions to output along the U.S. Gulf Coast following Hurricane Ida.
West Texas Intermediate crude oil was higher in early activity, up 1.2 per cent at US$70.52 per barrel.
The TSX was stronger, up 103.25 points at 8:45 CDT, trading at 20,736.31 points.

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