Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was firmer Wednesday morning, finding some support after declining relative to its United States counterpart for the past two weeks.

At 9:27 a.m. CDT the Canadian dollar was trading at US$0.7257 or US$1=C$1.3780, which compares with Tuesday’s close of US$0.7244 or US$1=C$1.3805.

Canadian manufacturing sales decreased by 1.3 per cent in August, hitting their lowest level since January 2022 at C$69.4 billion, according to a report from Statistics Canada.

Crude oil was softer, with West Texas Intermediate crude oil down by 0.30 per cent at US$70.37 per barrel.

The TSX was stronger, up 131.78 points at 9:28 CDT to trade at 24,570.86.