By Commodity News Service Canada
WINNIPEG, MB, April 13, 2018 (CNS Canada) – The Canadian
dollar was stronger Friday morning, supported by gains in the
price of oil and the stock market.
At 9:07 CDT Friday morning the Canadian dollar was at
US$0.7947 or C$1.2578, which compares with Thursday’s North
American close of US$0.7939 or C$1.2596.
Oil prices jumped to a three-year high early Friday morning,
after heightening tensions in the Middle East. Saudi Arabia, the
biggest exporter, reportedly shot down at least three ballistic
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trading at US$72.30 per barrel.
Wall Street opened higher Friday after a trio of big banks
reported strong quarterly results, while geopolitical risks and
concerns over a trade war eased. The Dow Jones Industrial Average
gained 140.59 points, or 0.57 points, to 24,623.64. The S&P 500
added 14.45 points, or 0.54 per cent, to 2,678.44. The Nasdaq
Composite rose 39.68 points, or 0.56 per cent, to 7,179.92.
The Toronto TSX/S&P Composite Index opened higher Friday;
commodity prices lifted the shares of energy and metal mining
companies. The TSX/S&P rose 58.01 points, or 0.38 per cent, to
15,327.28.
