By Commodity News Service Canada
WINNIPEG, MB, Nov. 2, 2017 (CNS Canada) – The Canadian rose
slightly Thursday morning along with the price of oil.
At 8:56 CDT Thursday morning the Canadian dollar was at
US$0.7792 or C$1.2835 which compares with Wednesday’s North
American close of US$0.7761 or C$1.2885.
Crude oil prices rose Thursday from Wednesday’s close.
Thursday morning crude oil was sitting at US$54.31, up from
Wednesday’s close at $54.30.
Wall Street opened flat Thursday as investors braced for
the unveiling of the long-awaited tax bill and President Donald
Trump’s decision on the next Federal Reserve chair. The Dow
Jones Industrial Average holding steady loosing only 0.35
points, to 23,434.66. The S&P 500 dropped 1.62 points, or 0.06
per cent, to 2,577.74. The Nasdaq Composite fell 6.51 points, or
0.1 per cent, to 7,610.02.
The Toronto TSX/S&P Composite Index slipped Thursday after
setting a new record high. It dropped 19.97 points, or 0.12 per
cent, to 16,010. Over the last five days, shares have gained
0.74 per cent and 4.27 per cent for the year to date.
