By Commodity News Service Canada
WINNIPEG, MB, Dec. 4, 2017 (CNS Canada) – The Canadian
dollar was slightly higher Monday at open.
At 9:14 CST Monday morning the Canadian dollar was at
US$0.7882 or C$1.2679, which compares with Friday’s North
American close of US$0.7856 or C$1.2729.
Oil prices fell last week after U.S. shale drillers added
more rigs, but still held close to their highest since mid-2015.
U.S. crude prices were down 1.25 per cent to US$57.63 per
barrel.
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Bitcoin dropped back under US$11,000 Monday, coming off a
record high of US$11,800 it hit Sunday following a surge from
less than US$1,000 at the start of the year.
Wall Street surged at opening Monday following the United
States Senate passing its version of a tax overhaul bill, which
brings closer to reality President Donald Trump’s promise of
cutting corporate taxes to spur growth. The Dow Jones Industrial
gained 230.8 points, or 0.95 per cent, to 24,462.39. The S&P 500
added 18.46 points, or 0.698655 per cent, to 2,660.68. The
Nasdaq Composite rose 49.14 points, or 0.72 per cent, to
6,896.73.
The Toronto TSX/S&P Composite Index rose Monday at open,
led by financial and industrial shares after news that the U.S.
rose 43.36 points, or 0.27 per cent, to 16,082.
