By Commodity News Service Canada
Winnipeg, May 25 – The Canadian dollar was down slightly against
its American counterpart on Thursday, following losses in gold.
OPEC has announced it plans to extend production cuts by another
nine months to March of 2018.
At 8:55 CDT Thursday morning the Canadian dollar was at
US$0.7446 or C$1.3430 which compares with Wednesday’s North American
close of US$0.7429 or C$1.3460.
At 8:55 CDT Thursday morning, the TSX was up 70.11 points, or
0.45%, at 15,489.60.
Advances in the banking sector helped lift the market in early
trading.
Proctor and Gamble has announced the closure of its
manufacturing plant in Brockville, Ontario. Officials say they are
relocating to West Virginia.
