Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, March 3 (CNS Canada) – The Canadian dollar was slightly weaker Thursday morning, as declines in crude oil put some pressure on the energy-linked currency.

At 8:53 CST Thursday morning the Canadian dollar was at US$0.7444 or C$1.3434 which compares with Wednesday’s North American close of US$0.7448 or C$1.3427.

Relatively favourable US employment data, despite a small increase in jobless claims, was supportive for the US currency – which accounted for some of the relative weakness in the Canadian dollar.

There were no significant domestic economic releases on Thursday.

The TSX was stronger, up 37.63 points at 8:53 CST to sit at 13,055.56.