By MarketsFarm
WINNIPEG, Dec. 31 (MarketsFarm) – The Canadian dollar continued to push higher Tuesday morning, hitting a 14-month high as the United States dollar lost ground.
As of 9:00 CST, the Canadian dollar was at US$0.7691 or C$1.3002. That compares to Monday’s North American close of US$0.7658 or C$1.3059.
Crude oil prices were lower Tuesday morning as traders took profits from gains.
Brent crude oil slipped 82 cents at US$65.85 per barrel and West Texas Intermediate lost 86 cents at US$60.82 per barrel. Western Canadian Select was down 70 cents at US$38.85 per barrel.
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The TSX/S&P Composite Index opened down 35.41 at 17,063.15 points, separating the TSX from its U.S. counterparts.
News that the Phase One trade agreement between the U.S. and China is scheduled to be signed on Jan. 15 at the White House began to push up stock market values.
The NASDAQ was up 3.49 at 8,949.48 points, the S&P 500 moved into the green by 0.96 at 3,222.25 points. However the Dow Jones was still in the read, but down only 7.35 at 28,454.79 points
Gold was up US$3.16 at US$1,518.32 per ounce.
