WINNIPEG, Feb. 26 (CNS Canada)
The Canadian dollar weakened slightly on Tuesday, as global investors contemplate what is to come of future trade talks between the Unites States and China.
At 8:45 CST Friday morning the Canadian dollar was at US$0.7558 or C$1.3231 which compares with Monday’s North American close of US$0.7591 or C$1.3173.
Crude oil prices have stabilized after dropping consistently for the past month, which contributed to the steadiness of Canada’s energy-reliant dollar.
Toronto-based Barrick Gold Corp. has made a hostile bid for rival U.S. company Newmont, a move that would “create an unrivalled leader” in the global gold sector.
Global investors will be keeping a close eye on the U.S. – North Korea summit in Vietnam this week, as the two countries seek to outline a concrete agreement on nuclear ambitions.
The TSX was stronger at 8:45 CST, up 18.74 points at 16,075.77.
