By Commodity News Service Canada
WINNIPEG, MB, Jan. 16, 2018 (CNS Canada) – The Canadian
dollar was little changed Tuesday morning.
At 8:53 CST Tuesday morning the Canadian dollar was at
US$0.8052 or C$ 1.2422, which compares with Monday’s North
American close of US$0.8050 or C$1.2422.
The prices of most major cryptocurrencies plunged Tuesday,
recording double-digit per cent losses amid a broad based
selloff. Bitcoin was down 10.96 per cent to US$12,106. Ethereum,
the world’s second largest cryptocurrency, was at US$1,124.70
after hitting a peak of US$1,423.20 on Sunday.
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Oil prices dropped Tuesday by a dollar following recent
gains. Brent crude futures fell by US$1.08, or 1.54 per cent, to
US$69.18.
The Dow Jones Industrial Average hit the 26,000 mark for
the first time on Tuesday and other Wall Street indexes climbed
as strong earnings from UnitedHealth and Citigroup helped lift
the sentiment. The Dow Jones increased 198.99 points, or 0.77
per cent, to 26,002.18. The S&P 500 rose 13.76 points, or 0.49
per cent, to 2,800. The Nasdaq Composite rose 45.95 points, or
0.63 per cent, to 7,307.01.
The Toronto TSX/S&P Composite Index opened lower Tuesday,
as gold miners and other materials stocks weighed while
marijuana producers extended their latest rally. The TSX/S&P
dropped 33.34 points, or 0.2 per cent, to 16,338.47.
