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Canadian dollar and business outlook

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Published: February 10, 2020

By MarketsFarm

WINNIPEG, Feb. 10 (MarketsFarm) – The Canadian dollar was slightly weaker Monday morning amid ongoing coronavirus concerns.
At 8:43 CST Monday morning the Canadian dollar was at US$0.7507 or C$1.3321 which compares with Friday’s North American close of US$0.7516 or C$1.3305.
The death toll from the novel coronavirus climbed above 900 over the weekend, with more than 40,000 confirmed cases.
In domestic data, the value of building permits issued by Canadian municipalities increased 7.4 per cent, to C$8.7 billion in December, according to a report from Statistics Canada. Total permits for the year were up 2.6 per cent, at C$102.4 billion.
Crude oil was weaker Monday morning, putting some pressure on the energy-linked currency.
The TSX was up by 17.90 points at 8:43 CST to sit at 17,673.39.

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