By Glen Hallick
Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Tuesday morning, as global stock markets started to rebound after a number of sessions with severe losses.
As of 8:47 am CDT, the loonie was at US$0.7057 or US$1=C$1.4168 compared to Monday’s close of US$0.7029 or US$1=C$1.4226. On the U.S. Dollar Index, the greenback slipped 0.137 of a point at 102.835.
Benchmark crude oil prices were higher Tuesday morning on those increases in the equities market, but with the U.S./China tariff tussle limiting the upswing.
Brent crude oil added 70 cents at US$64.91 per barrel and West Texas Intermediate gained 78 cents at US$61.48.
Shortly after the TSX/S&P Composite Index opened, it reversed course to climb 368.55 points at 23,228.01.
Gold advanced US$51.40 at US$3,250.00 per ounce.
