Canada Dollar Rises On Higher Oil Prices, Trade Talk Hopes

www.oann.com | 1/23/2015 | Staff
penaert (Posted by) Level 3
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...
(Excerpt) Read more at: www.oann.com
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