By Commodity News Service Canada
WINNIPEG, MB, March 28, 2018 (CNS Canada) – The Canadian
dollar was lower Wednesday morning, dragged down by a drop in
the price of oil.
At 8:51 CDT Wednesday morning the Canadian dollar was at
US$0.7744 or C$1.2924, which compares with Tuesday’s North
American close of US$0.7771 or C$1.2869.
Oil fell Wednesday as investors took profit on a rally the
day before to this year’s highs after a report showed a
surprisingly large increase in United States crude inventories.
Read Also
Canadian Financial Close: C$ weakens Tuesday
Glacier FarmMedia — The Canadian dollar was softer on Tuesday, as currency markets continued to see some adjustment ahead of…
The Nasdaq Composite index opened lower on Wednesday,
pulled lower by Apple, Intel and Amazon, while the S&P 500 and
the Dow rose on gains in financial and healthcare stocks. The
Dow Jones Industrial Average gained 44.85 points, or 0.19 per
cent, to 23,902.56. The S&P 500 fell 0.93 points, or 0.04 per
cent, to 2,611.69. The Nasdaq Composite lost 30.94 points, or
0.44 per cent, to 6,977.86.
The Toronto TSX/S&P Composite Index opened flat Wednesday,
as gains in the energy sector were offset by weakness in
materials stocks. The TSX/S&P lost 9.2 points, or 0.06 per cent,
to 15,206.98.
