By Commodity News Service Canada
WINNIPEG, MB, Jan. 15, 2018 (CNS Canada) – The Canadian
dollar was up Monday morning supported by gains in the price of
oil and gold.
At 9:03 CST Monday morning the Canadian dollar was at
US$0.8040 or C$ 1.2431, which compares with Friday’s North
American close of US$0.7997 or C$1.2504.
Oil prices hovered just below a three-year high of near
US$70 per barrel Monday, as signs that there will be production
cuts by Organization of the Petroleum Exporting Countries and
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flags” due to surging United States production. Brent crude
futures were down 12 cents at US$69.75.
The price of gold rose Monday by 0.48 per cent to
US$1,341.40.
The U.S. stock markets are closed Monday, as Americans
celebrate Martin Luther King Jr. Day.
The Toronto TSX/S&P Composite Index rose Monday, supported
by gold miners as bullion prices hit a four-month high and heavy
equipment company Finning International. after CIBC raised its
view on the stock. The TSX/S&P was up 36.06 points, or 0.22 per
cent, to 16,344.24 shortly after open.
