By Commodity News Service Canada
WINNIPEG, MB, Jan. 3, 2018 (CNS Canada) – The Canadian
dollar was slightly down Wednesday, despite gains in the price
of oil and the stock market.
At 8:59 CST Wednesday morning the Canadian dollar was at
US$0.7979 or C$1.2536, which compares with Tuesday’s North
American close of US$0.7989 or C$1.2517.
Oil prices rose to a new two-and-half year high Wednesday,
as robust output in the United States and Russia balanced
tensions from a sixth day of unrest in Organization of the
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were up 43 cents at US$67 per barrel.
Wall Street opened slightly higher Wednesday, led by gains
in Nvidia, Apple and Oracle but was limited by Intel’s drop. The
Dow Jones Industrial Average gained 37.91 points, or 0.15 per
cent, to 24,861.92. The S&P 500 added 3.02 points, or 0.11 per
cent, to 2,698.83. The Nasdaq Composite rose 10.53, or 0.15 per
cent, to 7,017.42.
The Toronto TSX/S&P Composite Index opened higher
Wednesday, boosted by gain in financial stocks and energy
companies and a jump in shares of BlackBerry Ltd. The TSX/S&P
rose 34.83 points, or 0.21 per cent, to 16,344.82.
