The Canadian dollar rose 0.1 percent against the US dollar on Tuesday. The Canada day holiday had put the loonie in a vulnerable spot as the G20 wrapped up with Presidents Trump and Xi agreeing to restart negotiations on trade. The outcome was not the best-case scenario for the market as there were no details revealed on when the new rounds will take place, or how far apart both parties are.
Canadian manufacturing is not expanding, with the common thread of contraction that the economies of China and Europe have reported this week. Trade headwinds are to blame for the lack of traction and the prolonged dispute between the US and China has put downward pressure on global growth.


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