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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Jan. 14 (MarketsFarm) The Canadian dollar was slightly lower on Tuesday, despite solid crude oil futures.

At 8:30 CST, the Canadian dollar was at US$0.7648 or C$1.3075., which compares with Monday’s North American close of US$0.7664 or C$1.3048

Stock performances started the day mixed, remaining on the defensive ahead of the official signing of Phase One of the trade deal between the United States and China. Originally announced in early December, the deal is scheduled to be officially signed at the White House tomorrow.

Oil prices were slightly higher, as crude futures are expected to stay within the range of US$65 to US$70 per barrel. Brent Crude was up by 64 cents at US$64.84 per barrel, and West Texas Intermediate (WTI) was up by 41 cents at US$58.49 per barrel.

The TSX was steady at 8:50 CST, up by 1.33 points at 17,294.75. The S&P 500 Index was down 3.65 points to hit 3,284.40. The Dow Jones gained 4.44 points at 28,915.59. The NASDAQ decreased, down 11.80 to hit 9,261.37.

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