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Canadian Dollar And Business Outlook

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Published: May 5, 2017

By Commodity News Service Canada

Winnipeg, May 5 – The Canadian dollar was relatively unchanged
against its American counterpart on Friday, with crude oil lending some
strength to the loonie.
According to a new report by Statistics Canada, hourly wages
expanded by 0.7 per cent in April, which was the slowest annual growth
since the agency began collecting data in 1997.
Canada’s unemployment rate declined to 6.5 per cent in April,
which was its lowest level in nine years.
At 8:55 CDT Friday morning the Canadian dollar was at US$0.7264
or C$1.3767 which compares with Thursday’s North American close of
US$0.7276 or C$1.3743.
At 8:55 CDT Friday morning, the TSX was up 60.95 points, or
0.40%, at 15,457.65.
American clothing chain Express has announced plans to close
all 17 of its stores in Canada.

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