By Commodity News Service Canada
WINNIPEG, MB, Oct. 23, 2017 (CNS Canada) – The Canadian
dollar opened slightly higher Monday morning following stock
market gains around the world.
At 8:58 CDT Monday morning the Canadian dollar was at
US$0.7911 or C$1.2644 which compares with Friday’s North
American close of US$0.7936 or C$1.2601.
Oil prices held onto last week’s gains Monday morning,
supported by supply disruptions in Iraq and a drop in drilling
in the United States. Brent crude was trading at US$57.81 a
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The three major Wall Street indexes opened at record highs
Monday following the reelection of Japanese Prime Minister
Shinzo Abe over the weekend. The Dow Jones Industrial Average
gained 3.09 points, or 0.01 per cent, to 23,331.72. The S&P
added 1.97 points, or 0.076499 per cent, to 2,577.18. The Nasdaq
Composite rose 7.75 points, or 0.12 per cent, to 6,636.81.
The Toronto TSX/S&P Composite index made slight gains
Monday morning at open, with its biggest banks and the energy
sector providing support while the Eldorado Gold Corp fell
sharply after lowering production at a gold mine in Turkey. The
TSX/S&P rose 37.35 points, or 0.24 per cent, to 15,894.57.
