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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar was sharply weaker Friday morning, pressured by a move away from riskier assets in the global financial markets.
At 9:04 CST Friday morning the Canadian dollar was at US$0.7906 or US$1=C$1.2649 which compares with Thursday’s North American close of US$0.7981 or US$1=C$1.2530.
Increases in United States bond yields overnight were said to be behind a ‘risk-off’ sentiment in equity markets on Friday. Crude oil and other commodities were also weaker in early activity.
West Texas Intermediate was down by 1.5 per cent, at US$62.55 per barrel.
The TSX was up by 114.52 points at 9:04 CST to trade at 18,1090.02 points.

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