Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, September 25 – The Canadian dollar strengthened
against its US counterpart Friday, rebounding from previous lows as
crude oil prices firmed.

At 8:45 a.m. CDT the Canadian dollar was at US$0.7512 or C$1.3312
which compares with Thursday’s North American close of US$0.7509,
or C$1.3318.

At 8:45 a.m., crude oil futures (WTI) gained in the November
and December contracts by US$0.87 and US$0.82 to sit at US$45.78 and
US$46.30.

In Canadian economic data, tourism spending in Canada rose 0.7
per cent in the second quarter, after increasing 0.6 per cent in the
first quarter, Statistics Canada said in a report on Friday.

In other Canadian domestic data, demand for electricity in
Canada totalled 40.8 million megawatt hours (MWh) in July, 2.9 per
cent lower than July 2014, Statistics Canada said on Friday.

Reduced demand pushed generation levels down 0.9 per cent from
the same month a year earlier to 46.3 million MWh in July, led by
nuclear and steam conventional generation, according to StatsCan.

The TSX was stronger in early activity, up 81.26 points at 8:45
a.m. CDT to sit at 13,419.93.