By Commodity News Service Canada
WINNIPEG, Sept. 27 (CNS Canada) – The dollar slipped slightly this morning, trading at US$0.80771, down 0.19% compared to the U.S. dollar or C$1.2281 at 7:27 a.m. CDT. It closed at US$0.8084 yesterday or C$1.2370 per US$1.
The U.S. government has ordered import duties of almost 220 per cent on imports of Bombardier C Series planes, as trade tensions ratchet up between Canada and the U.S. The U.S. Department of Commerce said in a preliminary ruling Tuesday that it agreed with Boeing’s complaint that Bombardier enjoys high government subsidies. Bombardier said the ruling shows that U.S. trade laws are skewed and used to stifle competition.
Toronto Dominion Bank released a report that suggests plans in Ontario and Alberta to gradually increase the minimum wage to C$15 an hour would cost a total of 110,000 jobs. It said the losses could be reduced by slower introduction and timing the wage increases for more economically favourable times.
The S&P/TSX was up 42.02 points (0.27%) in early trading at 15,474.12.
