Glacier FarmMedia — The Canadian dollar was stronger on Wednesday.
- The Canadian dollar settled at US$0.7307 or US$1=C$1.3685, which compares with Tuesday’s close of US$0.7295 or US$1=C$1.3708.
- Solid corporate earnings data from the Bank of Montreal and the National Bank of Canada lent some support to the currency.
- Canadian Prime Minister Mark Carney will visit India later this week, with trade expected to be at the top of the agenda.
- U.S. and Canadian trade officials spoke today, with more meetings expected over the next few weeks, said U.S. trade representative Jamieson Greer.
- Canadian gross domestic product data will be released on Friday, with most economists expecting a steady reading for the fourth quarter.
- West Texas Intermediate crude oil was down by 0.21 per cent at US$65.49 per barrel.
- The TSX Composite Index was up by 156.95 points at 34,127.33 points.
