By Commodity News Service Canada
WINNIPEG, February 25 (CNS Canada) The Canadian dollar held steady over the weekend, as investors felt a general calm on the global trade front.
At 9:30 CST Monday morning the Canadian dollar was at US $0.7599 or C$1.3159, which compares with Friday’s North American close of US$0.7591 or C$1.3173.
Stock markets moved higher as investors remain optimistic about trade talks between the United States and China, which contributed to the small lift to the Canadian dollar.
As Canada’s exports hinge largely upon global trade, positive trade-talks between these global superpowers may provide future strength to the currency.
The TSX was stronger at 9:30 CST, up 42.25 points at 16,062.52.
