By Commodity News Service Canada
WINNIPEG, MB, Jan. 2, 2018 (CNS Canada) – The Canadian
dollar continued its upward swing Tuesday morning for the first
day of trading for 2018.
At 8:55 CST Tuesday morning the Canadian dollar was at
US$0.7979 or C$1.2536, which compares with Friday’s North
American close of US$0.7971 or C$1.2545.
Oil prices had their strongest opening for the year since
2014, with crude rising to mid-2015 highs amid large anti-
government rallies in Iran and ongoing supply cuts led by the
Read Also
Canadian Financial Close: More declines for loonie
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar fell back further on Wednesday, as the Bank…
were flat at around US$66.80.
Nutrien, the newly formed company between Agrium Inc. and
Potash, completed its merger and began trading on the Toronto
Stock Exchange Tuesday under the ticker NTR.TO and in New York
under NTR.N. The merger initially announced in 2016, received
final regulatory approval from the United States Federal Trade
Commission last week.
Bitcoin has started off 2018 on a bad note. For the first
time since 2015, the cryptocurrency began the year by declining,
extending its slide from a record US$19,511 reached on Dec. 18.
The virtual coin fell to US$13,624.56 in New York as of Monday
evening, down 4.8 per cent from Friday.
Wall Street opened higher Tuesday on the first trading day
of 2018, signaling stocks were set to extend last year’s strong
run. The Dow Jones Industrial Average gained 112.83 points, or
0.46 per cent, to 24,832.15. The S&P 500 added 11.3 points, or
0.42 per cent, to 2,684.91. The Nasdaq Composite rose 28.66
points, or 0.42 per cent, to 6,932.04.
The Toronto TSX/S&P Composite Index opened flat Tuesday,
supported by gold miners and marijuana companies however
financial stocks and energy companies weighed it down. The
TSX/SXP dropped 4.51 points, or 0.03 per cent, to 16,204.62.
