By MarketsFarm
WINNIPEG, Feb. 25 (MarketsFarm) The Canadian dollar was holding steady Tuesday morning, as global equity markets stabilized after Monday’s selloff.
At 9:02 CST Monday morning the Canadian dollar was at US$0.7529 or C$1.3282 which compares with Monday’s North American close of US$0.7531 or C$1.3279.
Mounting concerns over the COVID-19 coronavirus remained a feature in the financial markets, but ideas that Monday’s losses were overdone provided some support on Tuesday.
Crude oil was posting small losses, while equity markets were mixed. The Dow Jones Industrial Average was up by about 125 points, after dropping more than 1,000 on Monday. However, the TSX was still softer, losing 44.36 points at 9:02 CST to trade at 17,518.38 points.
