By MarketsFarm
WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning on renewed optimism over United States/China trade talks.
As of 8:47 CDT, the Canadian dollar was at US$0.7544 or C$1.3255. That compares to Monday’s North American close of US$0.7536 or C$1.3270.
It was confirmed on Monday that top negotiators from the U.S. and China will meet in two weeks. Deputy negotiators met last week in Washington to lay the ground work for October’s round of discussions. Those talks ended bitterly as U.S. President Donald Trump ruled out the opportunity for an interim trade deal.
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At the start of trading on Tuesday, the TSX/S&P Composite Index was up 11.94 points at 16,879.14.
Crude oil prices were lower on Tuesday morning, as weak economic data out of Europe and Japan created a gloomy outlook for demand.
Brent crude was down 65 cents at US$64.12 and West Texas Intermediate crude was down 47 cents at US$58.17 per barrel. Western Canadian Select crude oil slipped 17 cents at US$45.11 per barrel.
Gold was down US$5.60 at US$1,525.90 per ounce
