By Commodity News Service Canada
WINNIPEG, MB, Oct. 13, 2017 (CNS Canada) – The Canadian
dollar opened slightly higher Friday morning as oil prices rose.
At 9:07 CDT Friday morning the Canadian dollar was at
US$0.8015 or C$1.2478 which compares with Thursday’s North
American close of US$0.8018 or C$1.2472.
Oil prices rose Friday morning to around US$51 per barrel,
from Thursday’s close of US$50.60. Over the last week oil rose
4.36 per cent. The price rose due to strong Chinese oil imports,
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The U.S. dollar slipped Friday after data showed consumer
prices rose less than expected in September, pointing towards
muted inflation. The United States Labour Department said its
Consumer Price Index jumped 0.5 per cent last month instead of
the 0.6 per cent estimated by economists.
In the United States, Wall Street opened higher Friday. The
Dow Jones added 39.46 points, or 0.17 per cent, to 22,880.47.
The S&P rose 4.32 points, or 0.16 per cent, to 2,555.25. The
Nasdaq gained 20.57 points, or 0.31 per cent, to 6,612.08.
The TSX/S&P Composite rose again at opening bell Friday
morning. The S&P/TSX Composite is up by 51.02 points, or 0.31
per cent and 3.31 per cent for the year so far.
