Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, October 5 – The Canadian dollar strengthened against
its US counterpart Monday, as a lack of economic data from both
countries helped the loonie capitalize on the greenback’s relative
weakness.

At 8:10 a.m. CDT the Canadian dollar was at US$0.7626 or C$1.3113
which compares with Friday’s North American close of US$0.7596, or
C$1.3164.

On Friday US job data came in lower than expected, which
indicated the economy might not be strong enough to introduce an
interest rate boost in 2015.

There was no significant data released by Statistics Canada on
Monday.

The TSX closed stronger Friday, up 97.85 points at 8:10 a.m.
CDT to sit at 13,339.74.