By Commodity News Service Canada
WINNIPEG, Sept. 12 (CNS Canada) – The Canadian dollar was trading at US$0.8230 at 8:30 CDT, or C$1.2151 per US$1. It closed Monday at US$0.8245 or C$1.2128. The loonie has strung together four straight weeks of gains, boosted last week by the Bank of Canada’s surprise interest rate hike.
Canada’s tech community is warning the federal government that proposed small business tax changes will hinder innovation and growth of the country’s high tech sector.
Apple Inc. is scheduled to release its new iPhones at its Apple Park location today, with investors monitoring several electronic parts suppliers for which company’s parts are included in the new phone.
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U.S. oil refineries are gradually getting back up and running following Hurricane Harvey that forced many along the Texas coast to close two weeks ago. Restarting procedures raise the risk of fires and explosions that could further disrupt supply, and pumps and other equipment that has been under water may no longer be operational.
WTI crude was two cents U.S. early this morning at US$48.05.
Stock market indexes worldwide are calmer today based on lessening fears as Hurricane Irma passes and tensions over North Korean wane, at least temporarily. S&P/TSX was up 55.64 points to 15,204.17 at 8 a.m. CDT.
