Glacier FarmMedia — The Canadian dollar was slightly softer on Monday, dipping below 73 U.S. cents.
- The Canadian dollar settled at US$0.7295 or US$1=C$1.3708, which compares with Monday’s close of US$0.7305 or US$1=C$1.3689.
- Quarterly earnings data released Tuesday by Scotiabank beat expectations, with strong growth reported in the wealth management and capital markets divisions. Adjusted profits during the quarter ended Jan. 31 of C$2.70 billion compare with C$2.36 billion the same time the previous year.
- Canadian Prime Minister Mark Carney will visit India later this week, with trade expected to be at the top of the agenda.
- United States President Donald Trump is set to present his State of the Union address Tuesday evening. Financial market participants will be watching the speech for any fresh trade related news.
- Gold was down by US$51.00 at US$5,174.60 per ounce.
- West Texas Intermediate crude oil held steady, dipping by only 0.03 per cent at US$66.29 per barrel.
- The TSX Composite Index was up by 193.88 points at 33,970.38 points.
