By Commodity News Service Canada
Oct. 2 (CNS Canada) – The Canadian dollar was lifted
yesterday following the announcement that a United States,
Mexico, Canada Agreement had been reached on trade. It is
staying steady in early trading today. The loonie was at
US$0.7799, or C$1.2822 per U.S. dollar at 8:50 a.m. CDT. It
closed Oct. 1 at US$0.7811, or C$1.2803.
Amazon’s Chief Executive Officer Jeff Bezos has bowed to
political pressure and said he will increase the minimum wage
for all Amazon.com Inc. employees in the U.S. and the United
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more than 250,000 employees in the U.S. and 100,000 seasonal
workers. The company also announced wage increases for U.K.
workers. There was no immediate indication if Canadian employee
wages would be raised. Bezos and Amazon had been facing
increasing criticisms for its low pay and was facing lawsuits
alleging that it used contract workers to avoid government
regulations and to cut costs.
The S&P/TSX composite index was down 0.22 per cent, or
36.27 points, to 16,068.16 at 8:52 a.m. CDT.
West Texas Intermediate (WTI) crude oil was at US$75.41 per
barrel, up 11 US cents.
