By Commodity News Service Canada
WINNIPEG, Feb. 5 (CNS Canada) – The Canadian dollar is holding steady Tuesday morning amid optimism on the major North American stock markets.
At 8:48 CST Tuesday morning the Canadian dollar was at US$0.7617 or C$1.3125, which compares with Monday’s North American close of US$0.7618 or C$1.3127.
The TSX/S&P Composite Index was up 41.33 points Tuesday morning at 15,642.58, riding the opening gains on the United States stock markets.
The NASDAQ was up 43.94 points Tuesday morning at 7,391.47, the S&P 500 began the day up 7.89 points at 2,732.76 points and the Dow Jones gained 117.69 points to open at 25,357.06 points.
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That optimism comes from the State of the Union Address U.S. President Donald Trump is set to give Tuesday evening. Expectations are Trump will push for his border wall, but appeal to Democrats for bipartisan co-operation on other issues.
Oil prices are down Tuesday morning. West Texas Intermediate crude is at US$54.03 per barrel after closing Monday at US$54.56. Brent crude oil is down this morning 46 cents per barrel to US$62.05.
Gold is up 20 cents Tuesday morning to US$1,316.80 per ounce.
