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Canadian dollar and business outlook

Published: November 25, 2016

By Commodity News Service Canada

WINNIPEG, November 25 – The Canadian dollar was mostly unchanged against its US counterpart in early activity on Friday.

Losses in crude oil had a bearish effect on the commodity-linked loonie, but on the other side of the border, retreating bond yields pressured the greenback, which balanced the market.

At 8:45 CST Friday, the Canadian dollar was at US$0.7411 or US$=C$1.3493, which compares with Thursday’s North American close of US$0.7412 or US$1=C$1.3491.

There was no significant data released by Statistics Canada on Friday.

The TSX was down 12.02 points at 8:45 CST Friday morning to sit at 15,063.18.

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