Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, October 1 – The Canadian dollar strengthened against
its US counterpart Thursday, extending its rally from a favourable
GDP report and as crude oil prices firmed.

At 8:45 a.m. CDT the Canadian dollar was at US$0.7557 or C$1.3233
which compares with Wednesday’s North American close of US$0.7493,
or C$1.3345.

Brent crude futures gained 2.1 per cent to sit at $49.38 a barrel
on London’s ICE Futures exchange, and on the New York Mercantile
Exchange, West Texas Intermediate futures moved up 2.6 per cent to
$46.26 a barrel in early activity on Thursday.

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

The TSX was stronger in early activity, up 14.89 points at 8:45
a.m. CDT to sit at 13,552.44.