ICE Canola Marginally Higher, Weak C$ Supportive
Thursday, September 23, 2021 9:59 AM

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Winnipeg, Sep. 23, 2010 (Resource News International) -- The Canadian dollar was
trading weaker early Thursday, hitting a three-week low as
reports in Europe and US added to concern about the
sustainability of the global economic recovery, analysts
said.

Growth in Europe's services and manufacturing industries
weakened more than economists had forecasted in September,
experts said.

Meanwhile, in the US, initial jobless claims increased
by 12,000 to 465,000 in the week ended September 18. The
total number of people receiving unemployment insurance
declined, while those getting extended payments rose.

There was no significant data released in Canada on
Thursday.

Crude oil was also aiding the Canadian currency's
bearish tone. Oil was trading at US$74.10 a barrel, down
US$0.61 a barrel from Wednesday's close.

At 08:45 CDT, the Canadian dollar was trading at
C$1.0344 (96.67 US cents), compared to C$1.0298 (97.11 US
cents) at Wednesday's close.

At 08:45 CDT, the Toronto Stock Exchange was trading at
12069.6 points, down 77.7 points from Wednesday's close.

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Market news:

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    • DETROIT - The Detroit Pistons have decided to sell the team to Tigers and Red Wings owner Mike Ilitch, a person involved with the process said Tuesday.
    • If the sale goes through, Ilitch would control of three of the city's four major professional sports teams.
    • Ilitch, the Little Caesars pizza mogul, said in August he wanted to buy the Pistons in part to make sure another buyer doesn't move the NBA club out of town.
      • Conn. man thanks jurors in deadly home invasion Oct 05, 2021 01:36 PM

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        • Dr. William Petit spoke to reporters shortly after the verdict against 47-year-old Steven Hayes was read in court in New Haven on Tuesday afternoon.
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                  • Conn. jury convicts man in deadly home invasion Oct 05, 2021 12:59 PM

                    • NEW HAVEN, Conn. - A paroled burglar was convicted Tuesday of killing a mother and her two daughters in a 2007 home invasion in an affluent Connecticut town and now could be sentenced to death.
                    • Steven Hayes was convicted of capital felony and three counts of murder by a jury that heard eight days of gruesome testimony about the July 2007 attacks on Jennifer Hawke-Petit and her daughters, 17-year-old Hayley and 11-year-old Michaela.
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