By Commodity News Service Canada
WINNIPEG, MB, Dec. 15, 2017 (CNS Canada) – The Canadian
dollar rose slightly Friday morning, supported by gains in the
crude oil and stock markets.
At 9:00 CST Friday morning the Canadian dollar was at
US$0.7811 or C$1.2809, which compares with Thursday’s North
American close of US$0.7809 or C$1.2805.
Oil prices increased Friday, supported by the Forties
pipeline outage in the North Sea, ongoing Organization of
Petroleum Exporting Countries-led production cuts and a decline
in global stocks, although rising United States output put a cap
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Bitcoin hit almost US$18,000 on the Bitstamp exchange
Friday, up nine per cent on the day. Warnings are continuing to
grow about the risks of investing in the highly volatile and
speculative instrument.
Wall Street opened higher Friday as investors were
optimistic about the passage of the Republican’s long awaited
tax overhaul bill. The Dow Jones Industrial Average gained
130.85 points, 0.53 per cent, to 24,639.51. The S&P 500 added
12.6 points, or 0.48 per cent, to 2,664.61. The Nasdaq rose
25.65 points, or 0.37 per cent, to 6,882.61.
The Toronto TSX/S&P Composite Index opened higher Friday,
as auto parts maker Linamar Corp jumped on news of a C$1.2
heavyweight energy and financial stocks rose as well. The
TSX/S&P was up 60.76 points, or 0.38 per cent, to 16,077.22.
