By Commodity News Service Canada
WINNIPEG, MB, Dec. 18, 2017 (CNS Canada) – The Canadian
dollar was down slightly early Monday morning, despite gains in
the price of oil and stock market.
At 8:52 CST Monday morning the Canadian dollar was at
US$0.7767 or C$1.2857, which compares with Friday’s North
American close of US$0.7792 or C$1.2834.
Oil prices rose Monday, supported by a North Sea pipeline
outage and a worker’s strike in the Nigerian energy industry. A
fall in the number of United States drilling rigs as well
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Chicago Mercantile Exchange and Chicago Board of Trade (CME
Group) launched bitcoin futures Sunday night. The futures
received a muted reception with volumes in the tens of millions
of dollars in the first 12 hours of trading. A total of 751
contracts – each of them for five bitcoins – had been traded on
CME’s January futures contract as of Monday morning, at $18,970
per contract, making a total notional value of around $70
million.
Wall Street opened at record highs Monday as the long-
awaited tax overhaul plan looked set for legislation and a
flurry of year-end corporate deal making which has topped US$11
billion so far buoyed optimism. The Dow Jones Industrial Average
added 13.17 points, or 0.49 per cent, to 2,688.98. The Nasdaq
Composite rose 43.83 points, or 0.63 per cent, to 6,980.41.
The Toronto TSX/S&P Composite Index opened higher Monday,
led by big banks and energy companies as well as Valeant
Pharmaceuticals International Inc, which said it was bringing an
eye treatment to market. The TSX/S&P gained 124.79 points, or
0.78 per cent, to 16,166.77.
