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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, seeing a continuation of Wednesday’s losses relative to its United States counterpart.
At 9:23 CDT Thursday morning the Canadian dollar was at US$0.7470 or C$1.3387 which was down from Wednesday’s North American close of US$0.7486 or C$1.3358.
Concerns over the COVID-19 second wave accounted for some activity in the financial markets on Thursday, with investors looking to safe-havens.
Crude oil was slightly firmer in early activity, as declining U.S. inventories provided some support to the energy market.
Texas Intermediate was up 0.5 per cent in early trade, at US$40.14 per barrel.
The TSX was up 38.48 points at 9:23 CDT to trade at 15,855.59 points.

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