Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, June 24 (MarketsFarm) The Canadian dollar was firm Monday morning, as recent strength in crude oil helped underpin the energy-linked currency.
At 9:06 CDT Monday morning the Canadian dollar was at US$0.7572 or C$1.3207 which compares with Friday’s North American close of US$0.7569 or C$1.3212.
Mounting tensions between the United States and Iran kept the global oil market underpinned to start the week.
Ideas that the U.S. Federal Reserve may be taking a more dovish stance on interest rates going forward also lent some relative strength to the Canadian currency.
The TSX was softer Monday morning, down 13.99 points at 9:07 CDT to sit at 16,511.44.

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2019 AGCanada is a production of Glacier FarmMedia Limited Partnership. Any affiliated or third party content is the property of its respective owner and is used with permission.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.