By Commodity News Service Canada
WINNIPEG, MB, Feb. 20, 2018 (CNS Canada) – The Canadian
dollar opened lower Tuesday, dragged down by weaker oil prices.
At 8:57 CST Tuesday morning the Canadian dollar was at
US$0.7928 or C$1.2612, which compares with Friday’s North
American close of US$0.7974 or C$1.2540.
Oil prices eased Tuesday, pulled down by a stronger United
States dollar and a bout of profit-taking, while U.S. futures
gained, bringing the discount between the two key futures
contracts to a six-month low. Brent crude futures were down 51
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The value of Canadian wholesale trade dipped 0.5 per cent
in December, pulled down in part by weaker demand for home
entertainment equipment and household appliances, Statistics
Canada said on Tuesday. Lower sales were recorded in five of the
seven subsectors, representing 65 per cent of wholesale trade in
December, while volumes declined by 0.9 per cent.
Wall Street opened lower Tuesday, hurt by a rise in bond
yields and disappointing quarterly results from Walmart. The Dow
Jones Industrial Average dropped 145.61 points, or 0.58 per
cent, to 23,073.77. The S&P 500 fell 11.56 points, or 0.42 per
cent, to 2,720.66. The Nasdaq Composite fell 30.24 points, or
0.42 per cent, to 7,209.23.
The Toronto TSX/S&P Composite Index opened lower Tuesday,
tracking global markets that were weighed down by a rise in bond
yields. The TSX/S&P index dropped 26.56 points, or 0.17 per
cent, to 15,426.08.
