By Commodity News Service Canada
WINNIPEG, MB, April 10, 2018 (CNS Canada) – The Canadian
dollar was higher Tuesday, as worries eased about relations
between China and the United States.
At 8:51 CDT Tuesday morning the Canadian dollar was at
US$0.7904 or C$ 1.2642, which compares with Monday’s North
American close of US$0.7856 or C$1.2729.
Oil prices broke over US$70 per barrel Tuesday, extending
strong gains from the previous day, as investors grew more
optimistic a trade dispute between the U.S. and China may be
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crude futures rose US$1.39 to $US70.04 per barrel.
Wall Street opened higher Tuesday, led by technology stocks
after Chinese President Xi Jinping promised to cut import
tariffs, soothing investor concerns about rising U.S. China trade
tensions. The Dow Jones Industrial Average gained 387.78, or 1.66
per cent, to 24,376.88. The S&P 500 added 36.04 points, or 1.38
per cent, to 2,649.2. The Nasdaq Composite rose 110.70 points, or
1.59 per cent, to 7,061.05.
The Toronto TSX/S&P Composite Index opened higher Tuesday,
as energy stocks gained after crude prices shot up and worries
eased about Chinese, U.S. relations. The TSX/S&P gained 104.64
points, or 0.69 per cent, to 15,332.34.
