Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, Dec. 5 (CNS Canada) The Canadian dollar was stronger Monday morning, as continued gains in crude oil helped underpin the energy-linked currency.

At 8:52 CST Monday morning the Canadian dollar was at US$0.7536 or C$1.3277 which compares with Friday’s North American close of US$0.7528 or C$1.3283.

Expectations that OPEC (Organization of Petroleum Exporting Countries) and other non-OPEC countries will finalize a deal to limit crude oil production later this week was supportive for crude oil.

The TSX was up 33.01 points at 8:52 CST to sit at 15,085.53.