Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart on Wednesday.
- The Canadian dollar settled at US$0.7206 or US$1=C$1.3877, which compares with Tuesday’s close of US$0.7201 or US$1=C$1.3886.
- Canadian Prime Minister Mark Carney is on a trade mission to China this week. The 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 was up by US$32.40 at US$4,631.50 per ounce.
- Crude oil softened, with West Texas Intermediate crude oil down by 1.55 per cent at US$60.20 per barrel.
- The TSX Composite Index gained 46.11 points at 32,916.47 points.
