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Canadian Dollar And Business Outlook

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Published: May 12, 2017

By Commodity News Service Canada

Winnipeg, May 12 – The Canadian dollar was slightly higher
against its American counterpart on Friday, taking support from gains
in crude oil prices and gold bullion.
At 9:10 CDT Friday morning the Canadian dollar was at US$0.7305
or C$1.3689 which compares with Thursday’s North American close of
US$0.7296 or C$1.3707.
At 9:10 CDT Friday morning, the TSX was up 32.09 points, or
0.021%, at 15,582.64.
Advances in the mining sector helped to prop up the market.
US retail sales improved by 0.4 per cent in April, according
to a report from the Commerce Department. However, that was below
analysts’ expectations of 0.6 per cent.

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