u.s: The Canadian dollar traded at an average of 76.97 cents U.S. compared with an average of 76.81 cents U.S. on Monday, according to The Toronto Star. Darren Calabrese / THE CANADIAN PRESS The market does have some element of optimism for maybe the U.S. is going to have cooler heads and be able to come to some sort of resolution with Canada in particular, some sort of a NAFTA deal, he said in an interview. There is anecdotal evidence from the United States and Canada that they are closer to some sort of deal even though there is no concrete evidence, said Sid Mokhtari with CIBC Capital Markets. Foreign Affairs Minister Chrystia Freeland travelled to Washington to resume efforts to forge a new version of the continental trade pact. Article Continued Below The two sides are approaching a deadline this week to have a deal signed by the Mexican president before he leaves office. Mokhtari figures the TSX could gain three to five per cent if a deal is reached.
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