By Commodity News Service Canada
WINNIPEG, MB, Jan. 18, 2018 (CNS Canada) – The Canadian
dollar was slightly lower Thursday as United States President
Donald Trump said terminating the North American Free Trade
Agreement (NAFTA) would be the “best deal.”
At 8:42 CST Thursday morning the Canadian dollar was at
US$0.8021 or C$ 1.2460, which compares with Wednesday’s North
American close of US$0.8048 or C$1.2425.
In an interview with Reuters Wednesday, U.S. Donald Trump,
said that terminating NAFTA would make for the “best deal” to
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favor of U.S. interests.
Oil prices slipped Thursday, weighed down by a reported
rise in U.S. fuel stocks and expectations that Organization of
the Petroleum Exporting Countries led efforts to boost prices by
cutting output will increase supply from the U.S. and other
rivals. Brent crude fell 25 cents to US$69.03.
The Dow Jones Industrial Average opened flat Thursday as
energy stocks took a hit from lower oil prices. The Dow Jones
Industrial Average gained 13.58 points, or 0.05 per cent, to
26,129.23. The S&P 500 dropped 1.76 points, or 0.06 per cent,
2.800.80. The Nasdaq Composite lost 4.15 points, or 0.06 per
cent, to 7,294.13.
The Toronto TSX/S&P Composite Index was little changed
TSX/S&P dropped 1.81 points, or 0.01 per cent, to 16,324.89.
