By Commodity News Service Canada
WINNIPEG, MB, Dec. 6, 2017 (CNS Canada) – The Canadian
dollar was slightly higher at open Wednesday.
At 9:04 CST Wednesday morning the Canadian dollar was at
US$0.7890 or C$1.2739, which compares with Tuesday’s North
American close of US$0.7886 or C$1.2680.
Oil prices fell Wednesday after a surprise rise in the
United States of refined products that suggested demand may be
flagging. Brent crude futures dropped 79 cents to US$62.07 per
barrel.
Bitcoin extended its ongoing rally Wednesday, breaking
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Wall Street opened lower Wednesday as technology stocks
fell due to concerns of stretched valuations and the impact of a
U.S. tax reform on corporate earnings. The Dow Jones Industrial
Average lost 11.75 points, or 0.05 per cent. The S&P 500 dropped
3.81 points, or 0.144891 per cent, to 2,625.76. The Nasdaq
Composite fell 20.75, or 0.31 per cent, to 6,741.46.
The Toronto TSX/S&P Composite Index fell in early trade
Wednesday, hurt by a tumble in shares of Hudson’s Bay Co after
the department store operator posted a wider-than-expected
quarterly loss, while financial and energy stocks also weighed.
The TSX/S&P was done 55.51 points, or 0.35 per cent, to
15,860.17.
