By Commodity News Service Canada
WINNIPEG, MB, March 19, 2018 (CNS Canada) – The Canadian
dollar was little changed Monday morning, with the stock market
and price of oil weighing on it.
At 8:46 CST Monday morning the Canadian dollar was at
US$0.7645 or C$1.3083, which compares with Friday’s North
American close of US$0.7641 or C$1.3088.
The Canadian dollar is having trouble stabilizing as
traders are bracing themselves for Jerome Powell’s first rate
decision as United States Federal Reserve Chair on Wednesday. A
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Oil prices eased Monday after a rally at the end of last
week, but tensions between Saudi Arabia and Iran helped limit
losses. Brent crude futures fell 10 cents to US$66.11 per
barrel.
Wall Street opened lower Monday, as reports of Facebook’s
user data being misused weighed on technology stocks and the
broader market. The Dow Jones Industrial Average dropped 90.8
points, or 0.36 per cent, to 24,855.71. The S&P500 fell 11.84
points, or 0.43 per cent, to 2,740.17. The Nasdaq Composite lost
63.99 points, or 0.86 per cent, to 7,418.00.
The Toronto TSX/S&P Composite Index opened lower Friday,
led by the materials and energy sectors as oil prices slipped
with investors cautious ahead of a U.S. central bank meeting
cent, to 15,674.69.
