By Commodity News Service Canada
WINNIPEG, MB, April 18, 2018 (CNS Canada) – The Canadian
dollar was slightly lower Wednesday, ahead of the Bank of
Canada’s interest rate decision.
At 8:49 CDT Wednesday morning the Canadian dollar was at
US$0.7955 or C$1.2560, which compares with Tuesday’s North
American close of US$0.7967 or C$1.2552.
Oil prices extended gains Wednesday, lifted by a reported
decline in United States crude inventories and the risk of supply
disruptions. Brent crude oil gained 87 cents to US$72.45 per
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Wall Street opened higher Wednesday after the latest barch
of earnings, including Morgan Stanley, added to optimism about
the United States corporate reporting season, while a jump in oil
prices lifted energy stocks. The Dow Jones Industrial Average
gained 34.22 points, 0.14 per cent, to 24,820.85. The S&P 500
added 7.72 points, or 0.14 per cent, to 2,710.11. The Nasdaq
Composite rose 11.28 points, or 0.15 per cent, to 7,292.38.
The Toronto TSX/S&P Composite Index opened at a near one-
month high on Wednesday, helped by gains in energy companies on
higher oil prices and a rise in financial stocks ahead of Bank of
Canada’s interest rate decision. The TSX/S&P rose 87.26 points,
or 0.57 per cent, to 15,440.56.
