Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, September 29 – The Canadian dollar was slightly higher
against its American counterpart Thursday morning, following gains
in crude oil. The week’s agreement by members of OPEC to curtail oil
production has been supportive for crude oil and the energy market.
The loonie also strengthened against most other Asian
currencies as well.
At 8:58 CDT, the loonie was up 0.0012 of a cent to US$0.7649
or US$1=C$1.3073, which compares with Wednesday’s close of US$0.628
or US$1=C$1.3109.
At 8:58 CDT Thursday morning, the TSX was up 16 points at
14,747.66.
Toronto’s minerals and energy sectors were both showing gains.