American Dollar to Canadian Dollar = 0.750401; American Dollar to Chinese Yuan = 0.147411; American Dollar to Euro = 1.086552; American Dollar to Japanese Yen = 0.007701; American Dollar to Mexican Peso = 0.053372.

Futures in New York slipped 0.4 percent, on course for a 0.7 percent drop this week. French President Emmanuel Macron earlier this week predicted President Donald Trump will exit the Iran agreement, while U.S. Defense Secretary Jim Mattis said Thursday a decision on a withdrawal hasn’t been made. North Korean leader Kim Jong Un and South Korean President Moon Jae-in agreed to finally end seven decades of hostile relations this year. Oil this month touched the highest level in more than three years as speculation swirled over the potential breakup of the nuclear accord that Iran signed with world powers in 2015. The deal had lifted sanctions on the Islamic Republic, enabling it to boost oil production by about 1 million barrels a day. Investors are also watching global inventories amid signs that production cuts by the Organization of Petroleum Exporting Countries and its allies could continue to deepen while American output soars. Click Read More below for additional information.

Earlier this month we lost a paper industry legend and a dear friend to many.  This is a close-knit business we find ourselves in and the relationships we build stand the test of time.  And so, it was with Tom Gallagher. Affectionately known as Moose to his friends, Tom was born in Portsmouth, Ohio in 1947. He left us on July 5 at the age of 77.  He lived his live to the fullest and those who knew him can attest to that.  Tom attended the U.S. Naval Academy and graduated from The Ohio State University in 1977.  He remained a lifelong and loyal Buckeye.  Many of us got to know Tom as the sales leader at MEAD during the 80’s and 90’s where he spent a majority of his career.  After retiring from Mead Westvaco in 2003 he was recruited to work for the  West Linn Paper Company and subsequently finished his paper career at Port Hawkesbury.   Tom was larger than life in so many ways.  He filled a room with laughter and energy.  You would not find a more loyal friend and partner.  But you did not want to test his Irish temper.  He encountered physical challenges later in life and it never got him down.  His spirit prevailed and he was always ready for the call.  As the Irish say, “his likes will not be seen again”.  And so, we leave him to the rest of his journey and cherish the memories he created with us. Tom had 4 children and 9 grandchildren.  He was preceded in death by his wife of 55 years, Cheryl (Rice) Gallagher.  Safe home Tom Gallagher.