Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
* Canadian dollar rises 0.1% against the greenback
* Price of U.S. oil increases 1.3%
* Loonie touches its strongest since Aug. 14 at 1.3225
* Canadian bond prices gain across a flatter yield curve
TORONTO, Aug 27 (Reuters) - The Canadian dollar strengthened to a nearly two-week high against its U.S. counterpart on Tuesday as oil prices rose and investors became more optimistic that the prolonged trade dispute between the United States and China would be resolved.
At 9:53 a.m. (1353 GMT), the Canadian dollar was
trading 0.1% higher at 1.3240 to the greenback, or 75.53 U.S. cents. The currency touched its strongest level since Aug. 14 at 1.3225. The United States and China sought to ease trade tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries. Canada exports many commodities, including oil, so its economy could benefit from an improved outlook for global trade.
U.S. crude oil futures were up 1.3% at $54.32 a
barrel. Meanwhile, Canadian government bond prices were higher across a flatter yield curve in sympathy with U.S. Treasuries.
The two-year rose 3 Canadian cents to yield 1.381%and the 10-year was up 36 Canadian cents to yield
1.177%. Canada's gross domestic product data for the second quarter is due on Friday, which could help guide expectations for next week's interest rate decision by the Bank of Canada. Money markets expect an interest rate cut by the end of the year.
(Reporting by Fergal Smith; EDiting by Steve Orlofsky)