TORONTO (Reuters) – The Canadian dollar strengthened against the greenback on Tuesday, adding to gains since the start of the year, as oil prices climbed and as hopes of a resolution of the trade dispute between the United States and China boosted equities.
Wall Street rose, fueled by a tentative deal reached by U.S. lawmakers to avoid another partial government shutdown and optimism that the U.S. and China could reach an agreement during their ongoing trade talks.
Resolution - Trade - Dispute - Prospects - Growth
Resolution of the trade dispute could boost prospects for global growth. That would be helpful for Canada’s economy as a major producer of commodities, including oil.
U.S. crude prices climbed 2.7 percent to $53.80 a barrel on Monday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by...
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