By MarketsFarm
WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, as improving global economic sentiment had investors showing a renewed interest in riskier assets.
At 9:11 CDT Tuesday morning the Canadian dollar was at US$0.7395 or C$1.3523 which compares with Monday’s North American close of US$0.7351 or C$1.3604.
The United States is reportedly considering an infrastructure program worth up to US$1 trillion to help boost the economy in the wake of the COVID-19 pandemic.
Gains in crude oil were also supportive for the energy-linked currency, with West Texas Intermediate up 4.5 per cent in early activity.
In domestic data, foreign investment in Canadian securities reached a record high of C$49.0 billion in April, according to a report from Statistics Canada. Meanwhile, Canadian divestment in foreign securities was pegged at C$134 million.
The TSX was up by 304.23 points at 9:11 CDT to trade at 15,663.89 points.
