By Commodity News Service Canada
WINNIPEG, MB, Feb. 21, 2018 (CNS Canada) – The Canadian
dollar opened lower Wednesday, weighed down by oil prices.
At 8:45 CST Wednesday morning the Canadian dollar was at
US$0.7895 or C$1.2668, which compares with Tuesday’s North
American close of US$0.7923 or C$1.2622.
Oil prices eased Wednesday, weighed down by a rebound in
the United States dollar from three-year lows hit last week and
an expected rise in U.S. crude production. Brent crude futures
dropped 14 cents to US$65.11 per barrel.
Wall Street opened higher Wednesday, led by gains in
technology and consumer discretionary stocks and ahead of the
release of minutes from the Federal Reserve’s recent policy
meeting. The Dow Jones Industrial Average gained 36.99 points,
or 0.15 per cent, to 25,001.74. The S&P 500 added 6.61 points,
or 0.24 per cent, to 2,722.87. The Nasdaq Composite rose 31.84
points, or 0.44 per cent, to 7,266.15.
The Toronto TSX/S&P Composite Index opened higher
Wednesday, with all sectors but technology in positive
territory. The TSX/S&P rose 33.44 points, or 0.22 per cent, to
15,472.88.
