By Commodity News Service Canada
WINNIPEG, MB, March 29, 2018 (CNS Canada) – The Canadian
dollar was lower Thursday morning, dragged down by a drop in the
price of oil.
At 8:52 CDT Thursday morning the Canadian dollar was at
US$0.7744 or C$1.2924, which compares with Wednesday’s North
American close of US$0.7751 or C$1.2902.
Oil prices slipped Thursday, as supportive comments from
the Organization of Petroleum Exporting Countries that its
output curbs were likely to stay in place for the rest of year
were offset by another rise in U.S. inventories. Brent crude
dropped 35 cents to US$68.41 per barrel.
Wall Street opened higher Thursday, as technology shares
recovered some lost ground after a roller coaster week. The Dow
Jones Industrial Average gained 121.89 points, or 0.51 per cent,
to 23,970.31. The S&P 500 added 11.72 points, or 0.45 per cent,
to 2,616.72. The Nasdaq Composite rose 34.95 points, or 0.5 per
cent, to 6,984.17.
The Toronto TSX/S&P Composite Index opened higher Thursday,
supported by financial and energy shares. The TSX/S&P rose 75.94
points, or 0.5 per cent, to 15,245.88.
