By Commodity News Service Canada
WINNIPEG, MB, June 6, 2018 (CNS Canada) – The Canadian
dollar rose in value Wednesday, as gold prices steadied.
At 8:53 CDT Wednesday morning the Canadian dollar was at
US$0.7765 or C$1.2871, which compares with Tuesday’s North
American close of US$0.7696 or C$1.2993.
Oil prices fell Wednesday on increasing signs that Saudi
Arabia and other big crude producers may raise supply to balance
a surge in demand during the peak United States summer driving
season. Brent crude dropped 35 cents to US$75.03 per barrel.
Wall Street opened higher Wednesday, supported by gains for
Tesla and United Health, while the tech-heavy Nasdaq hit another
record high. The Dow Jones Industrial Average added 54.16 points,
or 0.22 per cent, to 24,854.14. The S&P 500 gained 4.45 points,
or 0.16 per cent, to 2,753.25. The Nasdaq rose by 14.94 points,
or 0.20 per cent, to 7,652.81.
The Toronto TSX/S&P Composite Index opened flat Wednesday,
as gold prices steadied. The TSX/S&P dropped 2.21 points, or 0.01
per cent, to 16,120.04.
