Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, September 15 – The Canadian dollar strengthened
against its US counterpart Tuesday morning as crude oil prices gained
some ground, and ahead of a US Federal Reserve meeting.

At 8:30 a.m. CDT the Canadian dollar was at US$0.7547 or C$1.3250
which compares with Monday’s North American close of US$0.7543, or
C$1.3257.

On Thursday the Fed will decide if it will increase interest
rates, which would be the first time in ten years.

There was no significant economic data released by Statistics
Canada on Tuesday.

The TSX was stronger in early activity, up 35.60 points at 8:30
a.m. CDT to sit at 13,388.94.