By Commodity News Service Canada
WINNIPEG, MB, April 19, 2018 (CNS Canada) – The Canadian
dollar was slightly higher Thursday, supported by gains in the
price of oil.
At 8:47 CDT Thursday morning the Canadian dollar was at
US$0.7933 or C$1.2611, which compares with Wednesday’s North
American close of US$0.7928 or C$1.2614.
Oil hit its highest point since late 2014, supported by
declining United States crude inventories and reports that top
exporter Saudi Arabia is planning to push prices even higher.
Brent crude rose 92 cents to US$74.40 per barrel.
Wall Street opened lower Wednesday, as technology stocks
took a beating from Apple’s decline and weakness in chipmakers.
The Dow Jones Industrial Average dropped 36.77 points, or 0.15
per cent, to 24,711.30. The S&P 500 fell 7.48 points, or 0.28 per
cent, to 2,701.16. The Nasdaq Composite lost 36.62 points, or
0.50 per cent, to 7,258.62.
The Toronto TSX/S&P Composite Index opened little changed
Thursday, as losses in telecom and financial companies were
offset by strong gains in energy prices. The TSX/S&P gained 3.58
points, or 0.02 per cent, to 15,533.55.
