By Commodity News Service Canada
WINNIPEG, MB, March 20, 2018 (CNS Canada) – The Canadian
dollar was higher Tuesday, supported by gains in the price of
oil and the stock market.
At 8:47 CDT Tuesday morning the Canadian dollar was at
US$0.7665 or C$1.3064, which compares with Monday’s North
American close of US$0.7646 or C$1.3079.
Oil rose to its highest price so far this month, supported
by tension in the Middle East and the possibility of further
falls in Venezuelan output. Brent crude rose 98 cents to
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Wall Street opened higher Tuesday, led by gains in
financial stocks ahead of a near-certain interest rate hike by
the Federal Reserve, but declines in Facebook and Oracle weighed
on technology shares. The Dow Jones Industrial Average added
98.75 points, or 0.4 per cent, to 24,709.66. The S&P 500 rose
7.04 points, or 0.26 per cent, to 2,719.96. The Nasdaq Composite
rose 11.33 points, or 0.15 per cent, to 7,355.57.
The Toronto TSX/S&P Composite Index opened higher Tuesday,
recovering some of its losses from a day earlier, as the energy
sector gained from higher oil prices. The TSX/S&P rose 36.65
points, or 0.24 per cent, to 15,626.05.
