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TSX Moves Skyward

Canada’s main stock index found its legs again by the close on Wednesday as hopes of a de-escalation in the U.S.-China trade war firmed. Meanwhile, investors greeted the Federal Reserve’s interest rate decision with calm. The TSX Composite Index climbed 186.46 points to close Wednesday at 25,161.18. The Canadian dollar faded 0.32 cents at 72.29

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USD / CAD – Canadian dollar awaiting outcome of Carney/Trump meeting

– US/CAD bilateral trade negotiations are in the spotlight. – Hong Kong Monetary Authority says it is diversifying from US assets. – US dollar claws back some losses. USDCAD: open 1.3829, overnight range 1.3808-1.3845 close 1.3824, WTI 54.49, Gold 3312.08 The Canadian dollar remains range bound but with some selling pressure evident ahead of Prime

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