By Commodity News Service Canada
WINNIPEG, MB, Jan. 17, 2018 (CNS Canada) – The Canadian
dollar was slightly lower Wednesday morning as the Bank of
Canada announced it would be raising its key benchmark rate to
1.25 per cent.
At 9:00 CST Wednesday morning the Canadian dollar was at
US$0.8056 or C$1.2444, which compares with Tuesday’s North
American close of US$0.8052 or C$1.2419.
Bitcoin skidded another 12 per cent Wednesday to US$10,000,
marking an almost halving in value from its peak price, with
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Oil prices dropped Wednesday, but remained underpinned by
tightening supply and strong global demand. Brent crude futures
fell 25 cents to US$68.90 per barrel.
The Dow Jones Industrial Average opened higher Wednesday,
led by gains in technology stocks including Microsoft and IBM.
The Dow Jones Industrial Average gained 156.43 points, or 0.61
per cent, to 25,949.29. The S&P 500 added 9.75 points, or 0.35
per cent, to 2,786.17. The Nasdaq Composite rose 33.63 points,
or 0.47 per cent, to 7,257.31.
The Toronto TSX/S&P Composite Index opened flat Wednesday,
with falls among gold miners offset by gains for financial
stocks and marijuana producers. The TSX/S&P rose 9.26 points, or
0.06 per cent, to 16,308.14 in early morning trade.
