By Commodity News Service Canada
WINNIPEG, Feb. 1 (CNS Canada) – The Canadian dollar is stronger Friday morning while the Toronto Stock Exchange started trading slightly down.
At 8:50 CST Friday morning the Canadian dollar was at US$0.7630 or C$1.3114, which compares with Thursday’s North American close of US$0.7609 or C$1.3144.
The TSX/S&P Composite Index slid by 3.35 points Friday morning at 15,538.21.
Trade talks between the United States and China ended on a positive note Thursday, with China agreeing to buy more U.S. agriculture, energy and industrial products and services. This includes China buying a substantial amount of soybeans from the U.S. High-level negotiations to end the U.S./China trade war will resume in Beijing in mid-February as, “there is much work to be done,” said a White House statement.
Oil prices are up by 64 cents Friday morning. West Texas Intermediate crude is at US$54.43 per barrel after closing Wednesday at US$53.79.
Gold is up by US$2.10 Friday morning to US$1,324.40 per ounce.
