Equities trading in Canada’s largest centre continued their upward momentum on Tuesday, driven by gains in the energy and utilities sectors. The Bank of Canada will provide its interest rate update on Wednesday.
Meanwhile, US markets rallied following reports that President Donald Trump and Chinese President Xi Jinping are expected to hold talks this week to address trade tensions, shortly after Trump accused China of breaching a deal to ease tariffs and trade barriers.
The Canadian dollar traded for 72.89 cents US compared to 72.90 cents US on Monday.
US crude futures traded $0.85 higher at US$63.37 a barrel, and the Brent contract rose $0.96 to US$65.59 a barrel.
The price of gold was down US$18.96 to US$3,254.91.
In world markets, the Nikkei was down 23.86 points to ¥37,446.81, the Hang Seng was up 354.52 points to HK$23,512.49the FTSE was up 12.76 points to ₤8,787.02, and the DAX was up 160.95 points to €24,091.62.
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