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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning.

     At 8:35 CDT Wednesday morning the Canadian dollar was at US$0.7623 or US$1=C$1.3118, which compares with Tuesday’s North American close of US$0.7612 or US$1=C$1.3138.

A recent report from Statistics Canada showed Canada’s inflation rate was 0.5 per cent in September, compared to 0.1 per cent in August.

The TSX was up 2.85 at 8:45 CDT to trade at 16,280.90 points.

Crude oil prices were slightly lower on Wednesday morning. West Texas Intermediate (WTI) was down by 85 cents at US$40.85 per barrel. Brent Crude lost 75 cents to trade at US$42.41.

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