Glacier FarmMedia — The Canadian dollar was holding steady relative to its United States counterpart Friday morning.
- At 9:18 a.m. CST the Canadian dollar was trading at US$0.7199 or US$1=C$1.3891 which compares with Thursday’s close of US$0.7195 or US$1=C$1.3899.
- Canada and China reached a preliminary deal that will see China lower its tariffs on Canadian products, including canola, in exchange for Canada allowing imports of Chinese electric vehicles. The deal comes amid broader efforts of both countries to diversify trade away from the U.S.
- Foreign investors added C$16.3 billion of Canadian securities in November while Canadians acquired C$16.5 billion of foreign securities, resulting in a small net outflow of C$161 million from the Canadian economy during the month, reported Statistics Canada.
- West Texas Intermediate crude oil was up 0.71 per cent at US$59.50 per barrel.
- The TSX was down 9.27 points at 9:18 CST to trade at 33,019.65.
