By Commodity News Service Canada
WINNIPEG, MB, Nov. 6, 2017 (CNS Canada) – The Canadian was
little changed Monday morning.
At 8:57 CST Monday morning the Canadian dollar was at
US$0.7825 or C$1.2776 which compares with Friday’s North
American close of US$0.7835 or C$1.2764.
Oil prices hit their highest point since July, 2015 on
Monday as Saudi Arabia’s crown prince cemented his power over
the weekend with an anti-corruption crackdown, while markets
continued to tighten. Brent crude futures were trading 47 cents
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Communications chipmaker Broadcom said it has offered to
buy smartphone chip supplier Qualcomm Inc. for US$70 per share
or US$103 billion in cash and stock. This would be the biggest
technology acquisition ever.
Wall Street opened flat Monday as investors focused on the
Broadcom, Qualcomm deal and President Donald Trump’s comments
from his Asia tour. The Dow Jones Industrial Average dropped
8.59 points, or 0.04 per cent, to 23,530.6. The S&P fell 1.81
points, or 0.06 per cent, to 2,586.03. The Nasdaq Composite rose
0.52 points, or 0.01 per cent, to 6,764.95.
The Toronto TSX/S&P Composite Index opened slightly higher
Monday. It rose by 24.75 points, or 0.15 per cent, to 16,040.
Over the last five days shares have grew by 0.26 per cent.
