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Canadian Dollar and Business Outlook: Loonie remains firm

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Published: December 7, 2020

By MarketsFarm

WINNIPEG, Dec. 7 (MarketsFarm) – The Canadian dollar was unchanged Monday morning, still benefitting from Friday’s positive report on job growth.

As of 8:42 CST, the Canadian dollar was at US$0.7812 or C$1.2801.

Benchmark crude oil prices were lower Monday morning due to declines in North American and European stock markets.

Brent crude oil was down 48 cents at US$48.77 per barrel. West Texas Intermediate (WTI) lost 44 cents at US$45.83 per barrel. Western Canadian Select (WCS) dipped 15 cents at US$33.43 per barrel.

At the start of trading, the TSX/S&P Composite Index slipped 26.24 points at 17,494.73.

Gold gained US$7.16 at US$1,846.02 per ounce.

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