Glacier FarmMedia — The Canadian dollar was holding steady Tuesday morning, lacking any clear direction as market attention focused on trade talks between the United States and China.
At 8:46 a.m. CDT the Canadian dollar was trading at US$0.7307 or US$1=C$1.3686 which compares with Monday’s close of US$0.7308 or US$1=C$1.3684.
The World Bank cut its call for global economic growth in 2025 to 2.3 per cent Tuesday morning. That was down 0.4 points from an earlier estimate and compares with the 2.8 per cent growth seen in 2024.
Crude oil was firmer on Tuesday, with West Texas Intermediate up 0.18 per cent at US$65.41 per barrel.
The TSX strengthened, gaining 90.03 points at 8:47 CDT to trade at 26,465.83.