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The Cursor option changes the pointer to the arrow. The arrow allows for normal movement and object selection on the canvas. Changing the pointer back to the arrow also ends the operation the pointer was performing (drawing, adding text, changing attributes, help, etc.).
There is no need to dismiss the cursor when changing to other draw options. If you want to continue drawing with different draw options you may do so by just selecting the new draw option.
Shortcut
Another quick way to change the pointer to the Cursor is to click on the right mouse button.
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