By Commodity News Service Canada
WINNIPEG, Jan. 23 (CNS Canada) – The Canadian dollar is holding steady Wednesday morning as traders adjusted positions following Tuesday’s losses.
At 8:54 CST Wednesday morning the Canadian dollar was at US$0.7492 or C$1.3344, which compares with Tuesday’s North American close of US$0.7496 or C$1.3340.
The TSX/S&P Composite Index was up 46.14 points Wednesday morning at 15,280.99.
A Financial Times report on Tuesday was the major reason for the losses on the major North American stock markets. The report said the United States had rejected China’s offer for preparatory talks ahead of the high-level trade negotiations next week. White House officials later denied the report.
On the major U.S. stock markets Wednesday morning the Dow Jones opened up by 257.54 at 24,662.02, the NASDAQ gained 55.45 points at 7,075.81 and the S&P 500 started in the green by 15.08 points at 2,647.82.
Oil prices are slightly firmer Wednesday morning. West Texas Intermediate crude is at US$53.20 per barrel after closing Tuesday at US$52.35.
Gold is down by US$4.40 Wednesday morning to US$1,279.00 per ounce.
