By Commodity News Service Canada
Aug. 23 (CNS Canada) – The Canadian dollar was
sliding in early Thursday trading, falling victim
to a recovery by the United States dollar and lack
of significant developments at North American Free
Trade Agreement negotiations, despite positive
reports that an informal deal had been reached
between Mexico and the U.S.
The Canadian/U.S. exchange was at US$0.7654, or
C$1.3065 this morning. The loonie closed yesterday
at US$0.7683, or C$1.3016.
West Texas Intermediate crude oil was US$67.48
Read Also
Canadian Financial Close: Loonie returns above 72 U.S. cents
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar on Friday finally turned around to close higher,…
Operating profits in the second quarter of 2018
for Canadian corporations rose one per cent, from
the first quarter and are 8.2 per cent higher than
the second quarter of 2018. Corporations reported
second quarter profits of C$103 billion, up C$1
billion from the previous quarter. Operating
profits in the retail/wholesale trade increased 5.3
per cent quarter-over-quarter, to C$5.9 billion.
The manufacturing sector declined 3.3 per cent to
C$15 billion, and the financial sector climbed 1.3
per cent to C$33.0 billion. Oil and gas extraction
and support services gained C$357 million from the
previous quarter.
In Toronto, the S&P/TSX index is down, falling
0.14 per cent, or 22.88 points, at 16,324.46 at 8:46
a.m. CDT. The index has moved 0.74 per cent higher
over the last five days.
In the U.S., the S&P 500 is down .06 per cent
to 2,860.22, the Dow Jones Industrial Average Index
is down 0.10 to 25,706.62 and the Nasdaq is up .34
per cent to 7,916.16.
