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Canadian dollar and business outlook

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Published: 2 hours ago

Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, lacking any clear direction.

     At 8:48 a.m. CST the Canadian dollar was trading at US$0.7133 or US$1=C$1.4019 which compares with Thursday’s close of US$0.7134 or US$1=C$1.4018.

     Manufacturing sales in Canada were up 3.3 per cent in September compared to the previous month at C$72.1 billion, reported Statistics Canada. That marked the highest level since February 2025. Wholesale sales in the country (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) rose 0.6 per cent at C$85.9 billion.

     Crude oil rose on news Russia was suspending some Black Sea exports after a Ukrainian drone attack on an oil depot. West Texas Intermediate increased 1.81 per cent at US$59.75 per barrel.

     The TSX lost 256.79 points at 8:48 CST to trade at 29,996.85.

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