By MarketsFarm
WINNIPEG, Oct. 18 (MarketsFarm) – The Canadian dollar was slightly firmer Tuesday morning. A ‘risk-on’ attitude in global equity markets lending some support, while losses in crude oil weighed on the other side.
At 9:27 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7290 or US$1=C$1.3717, which compares with Monday’s close of US$0.7283 or US$1=C$1.3730.
Solid earnings reports from several companies, including Goldman Sachs and Lockheed Martin, sent the Dow Jones Industrial Average climbing sharply higher. Canada’s TSX was also posting solid gains on the day.
The TSX was up by 337.66 points at 9:27 CDT, trading at 18,858.68 points.
However, crude oil was softer, with West Texas Intermediate crude oil down by 2.0 per cent at 82.84 per barrel.
