Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Aug. 11 (MarketsFarm) – The Canadian dollar was softer relative to its United States counterpart Friday morning.

At 8:50 a.m. CDT Friday morning the Canadian dollar was at US$0.7431 or US$1=C$1.3457, which compares with Thursday’s close of US$0.7458 or US$1=C$1.3409.

There were no significant domestic economic releases.

Crude oil was slightly firmer, with West Texas Intermediate up by 0.17 per cent at US$82.96 per barrel.

The TSX was holding relatively steady, down only 0.97 points at 8:50 CDT, trading at 20,339.81 points.

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