By Commodity News Service Canada
WINNIPEG, MB, Dec. 27, 2017 (CNS Canada) – The Canadian
dollar was higher Monday, supported by gains in the price of oil
over the holidays.
At 9:03 CST Wednesday morning the Canadian dollar was at
US$0.7909 or C$ 1.2635, which compares with Friday’s North
American close of US$0.7838 or C$1.2759.
Oil prices fell Wednesday after hitting a near two-and-a-
half year high Tuesday as analysts said the rally was gradually
running out of steam despite supply outages in Libya and the
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down 1.15 per cent, or 75 cents after hitting US$67 Tuesday for
the first time since May, 2015.
Bitcoin fluctuated near US$16,000 Wednesday following the
cryptocurrency’s biggest rally in two weeks which ended a rout
which wiped more than US$9,000 off the price. The largest
digital coin fell 0.6 per cent to US$15,843, having earlier
climbed as much as 3.6 per cent.
Wall Street opened slightly higher Wednesday, supported by
gains in healthcare stocks and a slight rise in technology
shares. The Dow Jones Industrial Average gained 16.53 points, or
0.07 per cent, to 24,762.74. The S&P 500 added 1.51 points, or
0.0563 per cent, to 2,682.01. The Nasdaq Composite rose 5.03
points, or 0.07 per cent, to 6,941.28.
The Toronto TSX/S&P Composite Index edged higher Wednesday,
as a recent rally in commodity prices helped boost shares of
energy and metal mining companies. The TSX/S&P rose 22.96
points, or 0.014 per cent, to 16,188.23, shortly after open.
