By Commodity News Service Canada
WINNIPEG, MB, April 16, 2018 (CNS Canada) – The Canadian
dollar was stronger Monday morning, supported by gains in the
stock market.
At 8:46 CDT Monday morning the Canadian dollar was at
US$0.7950 or C$1.2586, which compares with Friday’s North
American close of US$0.7938 or C$1.2597.
Oil prices fell Monday after United States drilling activity
rose and fears waned about escalating tensions in the Middle East
following air strikes on Syria over the weekend. Brent crude
Read Also
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly firmer Friday morning, as financial markets reacted to optimistic trade updates, including…
Wall Street opened higher Monday, as investors bet the
weekend’s U.S.-led missile attack on Syria would not escalate
into a broader conflict, while turning their focus to the
earnings season. The Dow Jones Industrial Average gained 123.01
points, or 0.50 per cent, to 24,483.15. The S&P 500 rose 13.80
points, or 0.52 per cent, to 2,670.10. The Nasdaq Composite
opened higher by 47.22 points, or 0.66 per cent, to 7,153.87.
The Toronto TSX/S&P Composite Index opened higher Monday,
driven by gains in financial shares and waning fears of an
escalating conflict in Syria following the weekend’s U.S.-led air
strikes. The TSX/S&P gained 27.29 points, or 0.18 per cent, to
15,301.26.
