By MarketsFarm
WINNIPEG, Nov. 26 (MarketsFarm) The Canadian dollar was steady on Tuesday morning, holding on to gains made last week.
At 8:20 CST, the Canadian dollar was at US$0.7515 or C$1.3307, which compares with Monday’s North American close of US$0.7515 or C$1.3307.
After eight days of a strike, Teamsters Canada has reached a tentative deal with Canadian National Rail (CN Rail). The deal must now be ratified by the company’s 3,000 workers. Operations will resume tomorrow at 6 a.m. across Canada.
Global stocks were slightly lower, but have remained around record highs. Markets were supported by positive comments regarding the impending trade deal between the United States and China. The Chinese government has said they are close to signing Phase One of the trade deal, though that has been said numerous times in the past few months.
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By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were on the rise late Tuesday morning,…
Oil prices were steady to slightly stronger following reports of U.S. crude inventories have retreated for the first time in over a month. Crude prices have been rising steadily due to a sunnier outlook between the U.S. and China. Brent Crude was up by 21 cents at US$63.86 per barrel, and West Texas Intermediate (WTI) was up 25 cents at US$58.26 per barrel.
The TSX was slightly lower at 8:55 CST, down by 32.35 at 17,002.45. The S&P 500 Index was up 0.62 points to hit 3,134.19. The Dow Jones lost 1.72 points at 28,064.74. The NASDAQ decreased, down 0.72 to hit 8,631.10.
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