Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, Oct. 17, 2017 (CNS Canada) The Canadian dollar was weaker Tuesday morning, amid ongoing uncertainty over ongoing NAFTA negotiations.

At 9:20 CDT Tuesday morning the Canadian dollar was at US$0.7962 or C$1.2560 which compares with Monday’s North American close of US$0.7981 or C$1.2529.

Canadian, U.S., and Mexican trade representatives are meeting this week, with statements from the three NAFTA parties expected later Tuesday.

A firmer tone in crude oil provided some support for the energy-linked Canadian currency.

The TSX was stronger at 9:20 CDT, up 37.25 points at 15,839.9