By Commodity News Service Canada
WINNIPEG, MB, April 5, 2018 (CNS Canada) – The Canadian
dollar was higher Thursday, supported by gains in the stock
market.
At 8:59 CDT Thursday morning the Canadian dollar was at
US$0.7827 or C$1.2770, which compares with Wednesday’s North
American close of US$0.7807 or C$1.2809.
Oil prices were broadly steady Thursday as an easing of
trade tensions between the United States and a surprise draw in
U.S. crude inventories last week supported the market. Brent
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Wall Street opened higher Thursday, supported by gains in
Amazon and Facebook, amid easing fears of a trade war between the
U.S. and China. The Dow Jones Industrial Average gained 109.7
points, or 0.45 per cent, to 24,374. The S&P 500 added 14.19
points, or 0.54 per cent, to 2,658.88. The Nasdaq Composite rose
54.70 points, or 0.78 per cent, to 7,096.81.
The Toronto TSX/S&P Composite Index opened higher Thursday,
led by gains in financial stocks and optimism over progress in
North American Free Trade Agreement talks, amid easing trade war
fears. The TSX/S&P rose 53.46 points, or 0.35 per cent, to
15,217.83.
