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Canadian Dollar and Business Outlook: Loonie mostly unchanged

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Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady coming out of the weekend.

The loonie was at US$0.7275 or US$1=C$1.3746 as of 8:36 a.m. CDT, compared to US$0.7272 or US$1=C$1.3751 on Friday. The United States Dollar Index was down 0.01 of a point at 105.54.

Crude oil prices were higher due to welcome retail sales data from China. Brent crude oil was up US$0.51 at US$83.13 per barrel. West Texas Intermediate (WTI) increased US$0.56 at US$79.01/barrel.

The TSX/S&P Composite Index lost 71.99 points at 21,567.11.

Gold declined US$9.00 per ounce at US$2,340.10.