By Commodity News Service Canada
Sept. 18 (CNS Canada) – Despite the ratcheting up of
hostilities in the United States-China trade war after U.S.
President Donald Trump added new tariffs onto Chinese trade
goods, the Canadian dollar gained slightly on early trading.
The loonie was up 0.35 per cent, at US$0.7693, or C$1.3001
per U.S. dollar at 8:40 a.m. CDT. The loonie closed Sept. 17 at
US$0.7681, or C$1.3019.
The European Union has released a paper detailing ways to
reform the World Trade Organization. The paper is aimed at
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Canadian Financial Close: C$ slightly firmer Wednesday
Glacier FarmMedia — The Canadian dollar was slightly firmer on Wednesday. Minutes from the Bank of Canada’s latest policy decision…
settlement process and stepping up monitoring. The proposals are
seen as a way to head off the type of tariffs currently being
imposed by Trump and as a way to head off threats by Trump that
he would pull the U.S. out of the organization.
The S&P/TSX composite index climbed 68.82 points, or 0.43
per cent in early trading at 16,082.31 at 8:45 a.m. CDT.
The S&P 500 was down 16.18 points, or 0.56 per cent at 8:45
a.m. CDT at 2,888.80. The Dow Jones Industrial Average was at
26,157.31, an increase of 0.32 per cent, or 95.20 points and the
Nasdaq was at 7,932.29, up 0.46 per cent, or 36.5 points.
West Texas Intermediate (WTI) crude oil was up $US1.09 at
US$70.00 this morning.
