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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, July 6 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, along with stock indices.

     At 8:35 CDT Monday morning the Canadian dollar was at US$0.7379 or US$1=C$1.3551, which compares with Friday’s North American close of US$0.7372 or US$1=C$1.3565.

Global stock indices were higher despite the growing number of COVID-19 cases around the world. The World Health Organization reported a record 212,326 cases recorded on Saturday, with the largest increases in the United States, Brazil, and India.

The TSX was up by 199.28 points at 8:45 CDT to trade at 15,796.03 points.

Crude oil prices were mixed to start the day. West Texas Intermediate (WTI) was down by 34 cents at US$40.31 per barrel. Brent Crude was up by five cents to trade at US$42.85.

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