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Canadian Dollar and Business Outlook

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Published: December 8, 2016

By Commodity News Service Canada

WINNIPEG, Dec. 8 (CNS Canada) – The Canadian dollar was slightly firmer Thursday morning, as advances in crude oil provided some support to the energy-linked currency.

At 9:12 CST Thursday morning the Canadian dollar was at US$0.7559 or C$1.3229 which compares with Wednesday’s North American close of US$0.7555 or C$1.3237.

In domestic data, Canadian municipalities issued C$7.6 billion worth of building permits in October, which was up by 8.7 per cent from September, Statistics Canada reported.

Industrial capacity utilization in the country rose to 81.9 per cent in the third quarter, according to a separate StatsCan report. That compares with 79.7 per cent the previous quarter.

The TSX was up 22.63 points at 9:12 CST to sit at 15,260.38.

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