By Commodity News Service Canada
WINNIPEG, MB, June 7, 2018 (CNS Canada) – The Canadian
dollar was lower Thursday morning, as uncertainty over trade
issues ahead of the G7 meeting weighed on the currency.
At 8:57 CDT Thursday morning the Canadian dollar was at
US$0.7718 or C$1.2959, which compares with Wednesday’s North
American close of US$0.7744 or C$1.2913.
Oil prices rose Thursday over a concern about a plunge in
exports from Venezuela, although surging U.S. production kept
gains in check. Brent crude gained 85 cents to US$76.21 per
barrel.
Wall Street opened mostly higher Thursday, supported by
gains in energy companies. The S&P 500 rose 1 points, or 0.1 per
cent, to 2,774. The Dow Jones Industrial Average climbed 58
points, or 0.2 per cent, to 25,205. The Nasdaq Composite edged
down 6 points, or 0.1 per cent, to 7,683.
The Toronto TSX/S&P Composite Index opened slightly higher,
led by energy stocks which were supported by rising oil prices.
The TSX/S&P added 8.89 points, or 0.05 per cent, to 16,192.82.
