By MarketsFarm
WINNIPEG, Oct. 8 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, largely ignoring volatility in the global equity markets.
At 9:08 CDT Tuesday morning the Canadian dollar was at US$0.7512 or C$1.3312 which compares with Monday’s North American close of US$0.7515 or C$1.3306.
Uncertainty over trade relations between the United States and China weighed heavily on the international equity markets on Tuesday, with the TSX and DOW both down in early trade. China and the U.S. are set to hold trade talks this week, but optimism on those talks was waning as the U.S. blacklisted more Chinese companies and China threatened to leave the negotiations early.
Crude oil was also posting losses, while gold was stronger.
The value of building permits issued by Canadian municipalities increased by 6.1 per cent in August, hitting C$9.0 billion, according to a report from Statistics Canada. Increases in multi-family and industrial permits accounted for much of the rise.
The TSX was down 99.39 points at 9:08 CDT to sit at 16,322.36.
