The recent de-escalation of trade tensions between Canada and China is expected to provide relief for Canadian agricultural exporters, particularly in the Prairies and coastal regions.
West Texas Intermediate (WTI) Crude Oil stages a technical rebound on Tuesday, as buyers step in ahead of the $60 psychological level. At the time of writing, WTI is trading around $62.45 per barrel, up about 0.70% on the day after reversing its earlier intraday losses.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.9608 compared to the previous day's fix of 6.9695 and 6.9598 Reuters estimate.