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Canadian dollar and business outlook

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Published: April 5, 2017

By Commodity News Service Canada

WINNIPEG, April 5 – The Canadian dollar was mostly unchanged against its US counterpart on Wednesday.

The commodity-linked loonie was underpinned by strength in the crude oil market, but those advances were tempered by positioning ahead of a key meeting.

US President Donald Trump and Chinese President Xi Jinping are set to talk later this week.

At 9:40 CDT Wednesday, the Canadian dollar was at US$0.7463 or US$=C$1.3399, which compares with Tuesday’s North American close of US$0.7459 or US$1=C$1.3406.

The TSX was up 59.83 points at 9:40 CDT Wednesday morning to sit at 15,728.90.

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