By Commodity News Service Canada
WINNIPEG, MB, Dec. 8, 2017 (CNS Canada) – The Canadian
dollar was little changed Friday morning despite gains in the
stock market and the price of oil.
At 8:53 CST Friday morning the Canadian dollar was at
US$0.7780 or C$1.2854, which compares with Thursday’s North
American close of US$0.7786 or C$1.2843.
Oil prices edged up Friday, supported by rising Chinese
crude demand and threats of a strike in Africa’s largest
exporter, Nigeria. Prices however were still on track for weekly
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could undermine the Organization of Petroleum Exporting
Countries-led supply cuts. Brent crude rose 1.04 cents to
US$63.24 per barrel.
Bitcoin lost almost a fifth of its value in 10 hours
Friday, after surging more than 40 per cent in 48 hours. On
Thursday Bitcoin reached a record high of US$19,500, but as of
Friday it had dropped to US$15,900.
Wall Street opened high Friday after the latest the jobs
data showed strength in the U.S. economy and supported the case
for a December interest rate hike. The Dow Jones Industrial
Average gained 74.16 points, or 0.31 per cent, to 24,285.64. The
S&P 500 added 9.79 points, or 0.371258 per cent, to 2,646.77.
The Nasdaq Composite rose 47.60 points, or 0.7 per cent, to
The Toronto TSX/S&P Composite Index increased Friday,
boosted by broad gains for energy stocks as oil prices moved
higher, and as pipeline operator, Kinder Morgan Canada Ltd.’s
stock jumped following a favourable regulator ruling. The
TSX/S&P gained 62.77 points, or 0.39 per cent, to 16,078.45.
