By Commodity News Service Canada
WINNIPEG, July 18 (CNS Canada) – The Canadian dollar continues to strengthen compared to its American counterpart, lifted by higher prices for oil. The American dollar, meanwhile, is being battered by the collapse of health-care reforms, which is delaying other key initiatives such as tax reform. There are also concerns about the slow pace of recovery in the U.S. The loonie was up by .57 of a cent at 8:40 a.m. CDT at 79.30 cents U.S. or C$1.2610. It ended yesterday at 78.93 cents U.S., or C$1.2669.
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Toronto’s S&P TSX index was down 27.72 points at 15,137.64 or .18 per cent at 8:40 a.m. CDT. The Dow Jones was down 53.66 points or .25 per cent at 21,576.06, the S&P 500 was down 4.98 points (.20 per cent) at 2,454.16 and the Nasdaq was down 17.50 points (.28 per cent) at 6,296.93.
