Glacier FarmMedia — The Canadian dollar was holding relatively steady Wednesday morning.
- At 9:07 a.m. CST the Canadian dollar was trading at US$0.7200 or US$1=C$1.3889 which compares with Tuesday’s close of US$0.7201 or US$1=C$1.3886.
- Canadian Prime Minister Mark Carney is in China this week, with trade expected to be a key topic of discussion. Carney’s trip is the first by a Canadian prime minister to China in eight years.
- While touring a Ford plant in Michigan on Tuesday, U.S. President Donald Trump claimed the country’s agreement with Canada and Mexico (CUSMA) was “irrelevant” to him and said the U.S. doesn’t need Canadian products.
- Gold remained near record highs, rising US$25.60 in early activity to trade at US$4,624.70 per ounce
- West Texas Intermediate crude oil was up 1.01 per cent at US$61.77 per barrel.
- The TSX was down 77.82 points at 9:07 CST to trade at 32,792.54.
