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Canadian dollar and business outlook

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Published: September 28, 2022

By MarketsFarm

WINNIPEG, Sept. 28 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, as the currency held above the multi-year lows hit earlier in the week.
At 8:44 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7300 or US$1=C$1.3699, which compares with Tuesday’s close of US$0.7285 or US$1=C$1.3726.
A firmer tone in crude oil helped underpin the energy-linked currency.
West Texas Intermediate crude oil was up by 1.2 per cent in early activity, at C$79.44 per barrel.
The TSX was down by 48.02 points at 8:44 CDT, trading at 18,259.89 points.

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