Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Oct. 12 (MarketsFarm) – The Canadian dollar was firmer Tuesday morning, as continued strength in crude oil provided support. Solid jobs data from last week also remained supportive.
At 8:55 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.8021 or US$1=C$1.2467 which compares with Friday’s North American close of US$0.8012 or US$1=C$1.2482. Canadian markets were closed Monday for Thanksgiving.
West Texas Intermediate was up 0.4 per cent at US$80.82 per barrel.
The TSX was weaker, down 37.31 points at 8:55 CDT, trading at 20,379.00 points.

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