By Commodity News Service Canada
WINNIPEG, MB, Jan. 30, 2018 (CNS Canada) – The Canadian
dollar was mostly unchanged Tuesday morning as the price of oil
dipped slightly.
At 8:57 CST Tuesday morning the Canadian dollar was at
US$0.8016 or C$ 1.2334, which compares with Monday’s North
American close of US$0.8107 or C$1.2335.
Oil fell Tuesday to below US$69 per barrel for the first
time in six days, driven by rising United States output and a
strengthening dollar which dented risk-linked assets. Brent
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West Texas Intermediate futures dropped 50 cents to US$65.06 per
barrel.
Wall Street opened lower for the second straight day
Tuesday, with the Dow down about 250 points, weighted by a rise
in bond yields and a drop in shares of healthcare companies. The
Dow Jones Industrial Average dropped 249.83 points, or 0.94 per
cent, to 26,189.65. The S&P 500 fell 24.32 points, or 0.85 per
cent, to 2,829.21. The Nasdaq Composite lost 78.76 points, or
1.05 per cent, to 7,387.75.
The Toronto TSX/S&P Composite Index opened modestly lower
Tuesday as energy shares were pulled down by lower oil prices
which offset a rebound in gold producers. The TSX/S&P dropped
65.57 points, or 0.41 per cent, to 16,029.15.
