By Commodity News Service Canada
WINNIPEG, MB, Dec. 19, 2017 (CNS Canada) – The Canadian
dollar fell slightly Tuesday morning despite gains in the price
of oil and the stock market.
At 8:55 CST Tuesday morning the Canadian dollar was at
US$0.7754 or C$1.2895, which compares with Monday’s North
American close of US$0.7773 or C$1.2865.
Oil prices edged up towards US$64 per barrel Tuesday,
supported by a North Sea pipeline outage, an Organization of
Petroleum Exporting Countries led supply cut and expectations
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Brent crude futures were up 30 cents to US$63.71 per barrel.
Wall Street opened mixed Tuesday morning. The benchmark S&P
500 and blue-chip Dow Jones Industrial Average opened higher
Tuesday amid rising hopes that U.S. Congress will vote in favour
of the proposed tax overhaul. The Dow Jones gained 49.61 points,
or 0.2 per cent, to 24,841.81, while the S&P rose 3.92 points,
or 0.14 per cent, to 2,694.08. The Nasdaq Composite fell 2.24
points, or 0.03 per cent, to 6,992.52, weighed down by Apple.
The Toronto TSX/S&P Composite Index rose Tuesday at open,
Gaming Corp after it won a contract to operate facilities in the
Toronto region. The TSX/S&P increased by 48.08 points, or 0.3
per cent, to 16,179.72.
