Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, MB, Nov. 21, 2017 (CNS Canada) – The dollar rose
slightly Tuesday as oil prices steadied.

At 9:01 CST Tuesday morning the Canadian dollar was at
US$0.7824 or C$1.2760, which compares with Monday’s North
American close of US$0.7817 or C$1.2793.

Oil prices steadied Tuesday ahead of an OPEC meeting next
week. Crude oil rose 28 cents to US$56.70.

United States stock indexes opened higher Tuesday, with the
Nasdaq hitting a record high, led by gains in technology stocks.
The Dow Jones Industrial Average gained 94.06 points, or 0.4 per
cent, to 23,524.39. The S&P 500 added 8.57 points, or 0.33 per
cent, to 2,590.71. The Nasdaq Composite rose 30.99 points, or
0.46 per cent, to 6,921.71.

The Toronto TSX/S&P Composite Index rose Tuesday, led by
energy stocks as oil prices steadied ahead of a key OPEC meeting
next week. The S&P/TSX composite index was up 63.28 points, or
0.4 per cent, at 16,067.68.

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