By Commodity News Service Canada
WINNIPEG, MB, March 28, 2018 (CNS Canada) – The Canadian
dollar was lower Wednesday morning, dragged down by a drop in
the price of oil.
At 8:51 CDT Wednesday morning the Canadian dollar was at
US$0.7744 or C$1.2924, which compares with Tuesday’s North
American close of US$0.7771 or C$1.2869.
Oil fell Wednesday as investors took profit on a rally the
day before to this year’s highs after a report showed a
surprisingly large increase in United States crude inventories.
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The Nasdaq Composite index opened lower on Wednesday,
pulled lower by Apple, Intel and Amazon, while the S&P 500 and
the Dow rose on gains in financial and healthcare stocks. The
Dow Jones Industrial Average gained 44.85 points, or 0.19 per
cent, to 23,902.56. The S&P 500 fell 0.93 points, or 0.04 per
cent, to 2,611.69. The Nasdaq Composite lost 30.94 points, or
0.44 per cent, to 6,977.86.
The Toronto TSX/S&P Composite Index opened flat Wednesday,
as gains in the energy sector were offset by weakness in
materials stocks. The TSX/S&P lost 9.2 points, or 0.06 per cent,
to 15,206.98.
