By Commodity News Service Canada
Oct. 11 (CNS Canada) — The Canadian dollar sagged lower Thursday morning, as oil prices declined following an inventory report that showed a larger than expected increase in U.S. crude oil supplies.
The Canadian dollar was at US$0.7664, or C$1.3048 at 8:40 a.m. CDT. It closed Oct. 10 at US$0.7696, or C$1.2992.
Canada’s second quarter job vacancies report shows 547,300 vacancies, which is up 87,100 from the second quarter of 2017. The job vacancy rate rose to 3.4 per cent, an increase of 0.5 percentage points.
The S&P/TSX composite index opened lower following a major retreat in major international markets yesterday amid fears of rising U.S. treasury bond yields and signs of a slowing global economy. The TSX composite was at 15,398.02, a fall of 119.38 points, or 0.77 per cent in early trading, at 8:36 a.m. CDT.
West Texas Intermediate (WTI) crude oil was at US$71.96 per barrel, down US$1.22.
